Sahara India was required to submit the title deeds of Rs 20,000 crore (Rs 200 billion) to the marker regulator as per direction of the Supreme Court.
Roy was anxious, but he gave no sign of losing his calm even though it was not easy to give up a Rs 20,000-crore empire.
The market regulator is seeking help from its peers in Mauritius, the UK and the US to solve the high-profile money laundering case involving Sahara chief Subrata Roy.
It's business as usual for Sahara in some places, but collection agents fend tough questions from investors.
The case related to two Sahara Group firms --Sahara Housing Investment Corporation Ltd and Sahara India Real Estate Corp Ltd -- raising more than Rs 24,000 crore (Rs 240 billion) from an estimated 3 crore (30 million) investors through issuance of certain bonds between 2008-2009.
A spokesperson said Sahara group is not into business with Trinity.
Sahara had initiated legal action against the US-based firm.
The petition says that Sahara group Chairman Subrata Roy had been kept in 'illegal detention' by his wife and some other senior officers of the company.
Sahara group chairman Subroto Roy on Friday celebrated his 58th birthday, making a rare television appearance, which he used to scotch rumours about his health, assert that he was "absolutely disease free" and deny that his Rs 50,000 crore business e
No one knows when and how the powerful corporate giant was actually carted from Lucknow's state forest guest house.
Force India, co-owned by Vijay Mallya, is set to sell a minority stake in the Formula One team to Sahara Group, which also sponsors the national cricket team, a source with knowledge of the deal told Reuters on Wednesday.
Suitors came with all-cash offers but were rebuffed
The Sahara Group said on Tuesday it would build 50 self-sufficient townships in Uttar Pradesh with modern facilities and amenities at an investment of over Rs 20,000 crore (Rs 200 billion).
The high-profile saga -- which on Friday saw the arrest of flamboyant Sahara group chief Subrata Roy, who calls himself 'Managing Worker' of his business empire -- has seen many dramatic events along the way.
The new IPL team of the Sahara India will be known as 'Sahara Pune Warriors' as the corporate house unveiled the name and logo of its franchise at a grand ceremony in Pune on Saturday.
Sahara Group Chairman Subroto Roy will go public on Friday to state that he is 'absolutely disease free' and to deny that there is any political pressure on his group.
In a dramatic turn of events, Sahara chief Subrata Roy on Friday said he is not absconding from arrest and is ready to "unconditionally follow" whatever direction the Supreme Court gives him today.
Sahara group has sought extension of negotiation facilities in the Tihar jail here for its chief Subrata Roy by a further 45 days.
Force India boss Vijay Mallya says his partnership with the Formula 1 team's co-owner Subrata Roy stands strong despite the Sahara Group chief being in jail since March 2014.
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.
Sahara Group chief Subroto Roy on Saturday defended the decision to snap ties with the BCCI but wants to ensure that the players of his IPL team do not suffer and get to play in the fifth edition of the Twenty20 league.
To locate genuine investors who may have deposited money with Sahara, the regulator also wants to issue public notices in regional language newspapers.
The relationship between Sahara Group and the Indian Cricket Board had turned from bad to worse in the past month but after a "couple of not so cordial telephonic conversation" between the owners of Pune Warriors and the board top brass that had telling effect.
Market regulator in talks with SBI Caps, UTI Infra for scrutiny and auction of properties.
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.
The Tribunal adjourned till Monday this matter, which was listed for 'admission' this morning.
RBI has sought to stop one of its firms from disposing off assets.
Roy and the other two directors of the Group have been in judicial custody since March 4.
Roy, who has been in jail for over five months, said that he cannot reveal the name of the party and the bank, saying that their confidentiality has to be protected till the deal is signed.
Experts say Roy has got a great price for Air Sahara, which was steadily losing market share. The company was also burning a lot of cash to keep the airline afloat.
A special IAF plane carrying Vajpayee landed at the Amausi airport in Lucknow at 1850 IST.
Sebi says Sahara investors refunded over Rs 42 cr.
Two deals are all it took the Sahara Group to let the global hospitality industry know it meant business.
Officials said the notice was issued by the taxman in January this year after the special audit of AVL's income for the Assessment Year 2012-13.
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 Tribunal will hold on Saturday its 'preliminary hearing' of four petitions in this matter related to the high-profile case involving a refund of over Rs 24,000 crore (Rs 240 billion) raised through 'various illegalities' by two Sahara companies.
The Supreme Court has denied to release Sahara Chief Subrata Roy on bail or parole.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances