SC wanted to know how it encashed securities deposited with RBI.
The Chief Justice said that some people play with the dignity of the court and there were some lawyers who are disrespectful towards the court.
Force India co-owner Vijay Mallya has rejected speculation about his Formula One team's finances, saying they will be racing for years to come.
Grosvenor House hotel was put on sale by its lender Bank of China earlier this year after a 'technical default'
The Tribunal adjourned till Monday this matter, which was listed for 'admission' this morning.
The government on Friday informed the Parliament that Sebi has discovered discrepancies in the claims by the bondholders and the database provided by Sahara Group in the Rs 20,000-crore (Rs 200 billion) investors money refund case.
Latest exercise follows two similar attempts made by Sebi in the past
The Supreme Court on Friday asked Sahara and SEBI to formulate mechanism for securing payment of around Rs 19,000 crore (Rs 190 billion) of investors' money after the Subrata Roy-led group agreed to pledge it's immovable property as security but the market regulator questioned the sale deed and worth of the properties.
Market regulator in talks with SBI Caps, UTI Infra for scrutiny and auction of properties.
Reports said that the two hotels can fetch up to $1 billion.
Former IPL chief shooed off potential buyers at the behest of Sushanto Roy, says broker
Justice Khehar, 64, will be the first Chief Justice from the Sikh community and he will succeed CJI Thakur who will be demitting office on January 3, 2017.
The apex court was irked when Sebi claimed that the group had allegedly obstructed the process by writing a letter to the Pune police raising the issue of law and order at the prime property.
Sahara had initiated legal action against the US-based firm.
Sahara says it got suspicious on February 1 about the purported letter showing Mirach having blocked sufficient funds with Bank of America.
Property sold via HDFC Realty for Rs 58 cr; 60 properties on sale via e-auction
In a relief to Sahara, a US court has rejected a plea seeking to attach the Indian group's prized Plaza and Dream Downtown hotels.
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At the Kukrail guest house, Roy is under the watch of a DSP, three station officers and armed constables.
The group also lauded 'Sebi's active cooperation' in the matter.
Sahara was to provide a bank guarantee from HSBC.
The Trinamool Congress and the Bharatiya Janata Party on Monday targetted each other in Parliament, leading to clashes and walkouts. The TMC displayed in both Lok Sabha and Rajya Sabha the copies of some red diary, allegedly recovered from Sahara group chief Subrata Roy, and claimed that it contained the name of a BJP leader.
With a term ending in January 2017, he has to move fast to tackle the tough tasks cut out for him, says M J Antony.
The apex court told Roy that his proposal of paying Rs 1,500 crore, if the auction process was halted or postponed, was unbelievable.
The events of September 24 have not only earned the country a whole lot of interest but also showed the world how a lot more can be accomplished with a shoestring budget.
SEBI on Wednesday told the Supreme Court that Sahara group overvalued its properties and did not hand over all original title deeds of assets worth Rs 20,000 crore (Rs 200 billion) as per its direction.
CBI not to need prior approval to probe corrupt govt officials.
Other bidders include Abu Dhabi Investment Authority.
Accused of persistent non-compliance, Sahara group on Tuesday offered Sebi fresh bank guarantees for Rs 22,500 crore and help in verifying investors including those the group claims to have already refunded.
How he hopes to retain his fort is anyone's guess, says Nazarwala, the man who called right the 2007 and 2012 UP elections.
Spanish bank denies credit line to bail Sahara boss.
Sahara group, whose legal battle with Sebi continues in Supreme Court over refund of over Rs 20,000 crore (Rs 200 billion) to investors, has made a surprise announcement of plans being afoot to hire over 56,000 new employees this year along with investments to the tune of nearly Rs 32,400 crore (Rs 324 billion).
Senior advocates Kapil Sibal and Mukul Rohatgi, appearing for Sahara, has sought time till August 15 for realisation of the cheque and giving a road map for depositing the remaining amount.
The bench said it is evident that there was a difficulty for the group to sell its properties to arrange Rs 36,000 crore
The income tax (IT) department seems to have quietly thrown a spanner in the works on the Securities and Exchange board of India (Sebi)'s two-year-long efforts to implement the Supreme Court order against the two Sahara group firms Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Invest Corporation (SHICL).
The Supreme Court on Monday gave conglomerate Sahara another three months to come up with a final proposal to raise funds against its assets to secure bail for its founder Subrata Roy, who has been held in a New Delhi jail for more than a year. Sahara has made several failed attempts to raise $1.6 billion in bail money. Roy was jailed after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal. The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds in order to bail out Roy. On Monday, the country's top court allowed Sahara to sell part of its Aamby Valley township outside Mumbai, which has luxury villas and a golf course, to raise funds.
The top court last week gave Sahara a final chance to raise funds.
Markets regulator was mandated by court to examine documents to ascertain their genuineness and make refund to investors
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
Each year, at least 10 million Indians marry and the market is estimated at nearly $35 billion, growing at about 25 per cent annually.
Senior advocate S Ganesh, appearing for Roy, submitted that it may not feasible for the group to dispose of its Indian properties as the real estate prices have crashed down since June this year.
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