Owners of Pune-based Serum Institute of India, the Poonawalla's have thrown the hat to acquire the iconic Grosvenor Hotel in UK from Sahara Group.
Following a go-ahead from the Court, the two entities have put in place a mechanism to auction these properties.
However, the court found fellow gang member Tariq Parveen guilty in the case.
Ramoji Rao lived as the interface between business and politics and was an active participant in both for most of his remarkable life.
The Tribunal, in its last hearing in Mumbai on March 23, decided to hold its final hearing in the matter here in the National Capital on March 26.
Chief metropolitan magistrate Vinod Yadav directed the Delhi Police to execute the warrant against Roy and four other company officials by February 9.
The Supreme Courts has pulled up Sahara Group and its chief Subrata Roy for not responding to the contempt plea filed against them by SEBI.
Sebi chief U K Sinha questioned the credibility and feasibility of Shara's refund claims.
Sahara group confirmed the development but expressed ignorance as to why this action was being taken against it.
Stung by Sahara's pullout as sponsor of Indian cricket team and owner of IPL franchise Pune Warriors, the BCCI on Monday took a more re-conciliatory stand towards the aggrieved corporate giant, saying it was ready to sit across the table and sort out all the matters.
Sahara One Media & Entertainment Ltd said it will raise 50 million dollars through issue of equity shares or Foreign Currency Convertible Bonds in international markets.
He wanted 15-day relief to attend aunt's cremation.
Jet Airways, which has acquired Air Sahara for Rs 1,450 crore (Rs 14.5 billion), needs to shell out Rs 800 crore (Rs 8 billion) immediately to rejuvenate the loss-making airline and take charge of it.
The Directorate of Revenue Intelligence has booked cases at Mumbai and Delhi against private airlines Jet Airways and Air Sahara for non-payment of customs duty, the Lok Sabha was informed on Friday.
The apex court had earlier imposed a condition that Roy will be freed on bail only if he pays Rs 10,000 crore (Rs 100 billion) out of which Rs 5,000 crore (Rs 50 billion) has to be in bank guarantee and rest Rs 5,000 crore (Rs 50 billion) in cash.
The cost of such a project, say industry sources, could come to around Rs 100 crore.
Sahara India on Thursday unveiled an ambitious housing scheme that envisages building 675,000 houses in 202 cities at an estimated cost of Rs 83,000 crore.
As Sahara India chief Subrata Roy continues negotiations with potential investors to raise funds to secure his release from jail, a senior group executive has proposed a 'contribution scheme' to raise Rs 2,500-3,000 crore ( 25-30 billion) from two lakh members of its parabanking division.
The guidelines would also enable the proposed merger of national carriers Air-India and Indian.\n
Sahara India Pariwar has made a $2-billion bid to buy the debt of struggling Hollywood studio Metro-Goldwyn-Mayer (MGM) Inc.
The airline is offering a limited number of tickets, with the cheapest one coming at a 91 per cent discount provided passengers plan their travel 30 days or more in advance.
In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. The pilot was given no reason and ordered to immediately return to the parking bay. As the aircraft returned to the terminal, two passengers from the first class - Naresh Goyal and his wife Anita - were offloaded by the immigration authorities, who said the duo cannot leave the country. Goyal, founder of Jet Airways, was stunned. The man, who ruled the aviation sector for two and a half decades with an iron hand, did not expect to be offloaded in this fashion.
Jet has paid Rs 400 crore, which it was required to pay by April 20 to the promoters of Air Sahara. This marks the closure of the deal, company sources said.
With Sebi insisting on getting cash payment of Rs 20,000 crore and interest, it might have to put some of these assets on sale.
The appearance on June 10, however, will be through recorded video clippings.
The aircraft had caused disruptions in Mumbai airport the past three days.
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At the Kukrail guest house, Roy is under the watch of a DSP, three station officers and armed constables.
