Taking stern action against Sahara Group in the high-profile investor refund case involving over Rs 24,000 crore, market regulator Securities and Exchange Board of India on Wednesday ordered the freezing of bank accounts and attachment of all properties of two group firms and top executives, including Subrata Roy.
The law is knocking at Sahara Group Chairman Subrata Roy's doors yet he manages to find a few well wishers. Former Indian cricket captain Kapil Dev has expressed concern over the arrest of Roy.
The apex court asked Securities and Exchange Board of India to release title deeds of the property to be sold by Sahara in favour of purchasers for arranging the money.
Sahara chief had recently made a plea before the apex court to pass an early order on his petition challenging his detention, saying temperature in the capital has gone up and he is not feeling well in jail.
The Supreme Court on Wednesday has issued a non-bailable warrant against Sahara chief Subrata Roy for his failure to appear in court.
Sahara Chief Subrata Roy was on Tuesday ordered to remain in custody for a week in Delhi by the Supreme Court which was unhappy over the proposal his group on the refund of investors' money as it has not come up with any concrete proposal.
A bench of justices K S Radhakrishnan and J S Khehar considered the application of the group seeking modification in the order in chamber.
Sahara's propensity to issue full-page advertisements indirectly targeting the court's wisdom every time it suffered a setback could have hardly helped its cause.
London-based Indian Journalist's Association (IJA) has sent a notice to Sahara Pariwar chairman and managing worker Subrata Roy asking his group not to prevent journalists from discharging their duties.
An upset Sahara Group chief Subrata Roy lashed out at N Srinivasan on Friday and declared his company will not sponsor the Indian cricket team as long as the beleaguered Board of Control for Cricket in India president is at the helm.
The new cricket stadium being built by the Maharashtra Cricket Association (MCA) on the outskirts of Pune is to be named after Subrata Roy Sahara, the Chairman and Managing Worker of the Sahara Group.
While the players did the job on the field, the man quietly working behind the scenes was former India centre-back Mahesh Gawali.
Jail officials, group to thrash out finer details to enable late night skype with Los Angeles-based buyers.
Sahara also sought permission to sell its properties in Bangalore.
A lengthy court battle between Jet Airways and Air Sahara over their failed takeover deal does not seem inconceivable, as Sahara Group chief Subrata Roy has now moved a local court seeking stay on refund of Rs 500 crore
"I am really disappointed with the way the party is functioning. I am fed up with so many allegations of corruption levelled against the party and the government. I also do not support the way the issue of Sandeshkhali was handled," he said while maintaining that the dual issues of corruption and Sandeshkhali were the primary triggers for his decision to quit.
The Supreme Court has denied to release Sahara Chief Subrata Roy on bail or parole.
The Allahabad high court on Thursday dismissed the habeas corpus petition claimed to have been filed on behalf of the ailing Sahara group chairman Subrata Roy
Selling anything from packaged food to home appliances, these kiosk-like shops have sales of Rs 40,000-Rs 50,000 a month in a busy locality, with 25-30 customers a day.
Calling him "chor", a man from Gwalior today threw ink on the face of Sahara chief Subrata Roy
It was tough to say if Roy was in police custody or vice versa.
Senior advocate C A Sundaram, appearing for Roy, submitted that his client has some business overseas and he is needed there.
The court will hear Sahara case on July 14.
The 69th Filmfare Awards, held in Gandhinagar, Gujarat on Sunday, saw cute moments on stage and on the red carpet.
The hearing was adjourned to March 25.
Delhi court to hear Subrata Roy's IT case on June 1.
Sahara Group chief Subrata Roy will not be allowed to leave the country with the Supreme Court today refusing to relax its order restraining him from going abroad till his company furnishes details of refunding Rs 20,000 crore of investors money.
Roy was summoned by the market regulator Sebi on Wednesday to ascertain details of his personal and two company assets that could be sold to generate over Rs 24,000-crore (Rs 240-billion) worth funds required to be returned to the investors.
India custodian Subrata Paul and midfielder Syed Rahim Nabi were the big signings by Mumbai franchise on day one of the two-day inaugural eight-team Hero Indian Super League domestic players draft held in Mumbai on Tuesday.
Sebi suggested Roy be allowed to step out of Tihar jail for a few hours every day to negotiate the sale of his foreign properties over video conference.
The Supreme Court will on Tuesday deliver its verdict on Sahara Chief Subrata Roy's petition challenging its decision to send him to jail for not complying with its order to deposit around Rs. 20,000 crore (Rs 200 billion) of investors money with SEBI.
The Supreme Court on Friday declined to hear Sahara chief Subrata Roy's plea for recall of the non-bailable warrant (NBW) issued by it against him in a contempt case.
Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
Sahara Group chief Subrata Roy and two directors have been in Tihar Jail since March 4.
Refuting the contention of Roy who had submitted that he cannot be penalised for non-refund of the money by Sahara India Real Estate Corp Ltd and Sahara India Housing Investment Corp Ltd, the market regulator said that the business tycoon held 70 per cent stake in the companies and liable for contempt of court punishable upto to six months imprisonment or fine.
Over seven hours after he was arrested, Sahara Chief Subrata Roy was produced in a court here which directed the UP police to keep him in custody till March 4 when he will be produced before Supreme Court.
Tightening its noose around Sahara group, market regulator Sebi on Tuesday asked Sahara group chief Subrata Roy and three other top executives to submit details of their assets, bank accounts and tax returns by April 8 followed by personal hearings on April 10.
Subrata Roy turned up at a New Delhi stadium, best known for hosting the Commonwealth Games, last week as part of his country wide Abhaar Yatra.
Sonu Nigam turned 50 on July 30, and hosted a grand birthday bash in Mumbai on Saturday night.
The lawyer, who threw black ink at Sahara Group chief Subrata Roy in the Supreme Court premises on Tuesday, was today sent to Tihar jail by a Delhi court after he failed to get a surety for his bail.
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