Subrata Roy

Sahara lawyer says SEBI misled SC on auction process

Sahara lawyer says SEBI misled SC on auction process

The lawyer added that in some publications, it was also absolutely wrongfully written that the court warned Subrata Roy whereas there was no such warning.

Oct 14, 2017, 20:26 PM IST
Just two potential bidders for Rs 37k crore Aamby Valley auction

Just two potential bidders for Rs 37k crore Aamby Valley auction

The auction process has been initiated even as a Mauritius-based investor, Royale Partners Investment Fund, has signed a pact with Sahara offering to invest USD 1.67 billion (over Rs 10,700 crore) in the Aamby Valley project.

Sep 17, 2017, 18:19 PM IST
SC rejects Sahara's plea for lifting attachment, stopping auction of Aamby Valley

SC rejects Sahara's plea for lifting attachment, stopping auction of Aamby Valley

The Supreme Court on Monday rejected a plea by Sahara Group urging it to lift attachment of its Aamby Vally project and permit it to enter into agreement with Royal Partners Investment Fund for selling it 26 per cent stakes in it for $1.6 billion.

Sep 11, 2017, 22:39 PM IST
Setback for Subrata Roy: Sahara's Aamby Valley up for auction at Rs 37,392 crore reserve price

Setback for Subrata Roy: Sahara's Aamby Valley up for auction at Rs 37,392 crore reserve price

The Official Liquidator (OL) for the Aamby Valley City in Lonavala has put up a reserve price of Rs 37,392 crore, as part of efforts to partially recover the pending dues to various lenders.

Aug 14, 2017, 10:29 AM IST
SC rejects Sahara's plea to put on hold Aamby Valley auction

SC rejects Sahara's plea to put on hold Aamby Valley auction

The Supreme Court on Thursday refused to accept Sahara chief Subrata Roy's plea to put on hold the auction process of the group's project Aamby Valley in Pune district of Maharashtra.

Aug 10, 2017, 16:48 PM IST
Sahara in SC for putting on hold auctioning of Aamby Valley

Sahara in SC for putting on hold auctioning of Aamby Valley

The apex court had on July 25 asked the embattled Sahara chief to deposit Rs 1,500 crore in the SEBI-Sahara account by September 7 and said that it might then deliberate upon his plea seeking 18 months more time for making complete repayment.

Aug 09, 2017, 19:30 PM IST
IRDAI asks ICICI Pru to take over Sahara insurance business

IRDAI asks ICICI Pru to take over Sahara insurance business

Insurance regulator Irdai on Friday asked leading private sector life insurer ICICI Prudential Life Insurance (IPRU) to take over the business of beleaguered Sahara India Life Insurance (SILIC), with effect from July 31.

Jul 28, 2017, 22:52 PM IST
SC asks Sahara chief to deposit Rs 1,500 crore by September 7

SC asks Sahara chief to deposit Rs 1,500 crore by September 7

The Supreme Court on Tuesday directed Sahara group chief Subrata Roy to deposit Rs 1,500 crore in the SEBI-Sahara refund account by September seven.

Jul 25, 2017, 17:47 PM IST
Supreme Court to hear Sahara-SEBI refund dispute on Thursday

Supreme Court to hear Sahara-SEBI refund dispute on Thursday

In its previous hearing, the apex court gave 15-days time to Roy to deposit Rs. 552 crore in connection with the case.

Jul 20, 2017, 11:24 AM IST
 SC gives no relief to Sahara chief Subrata Roy, refuses to extend deadline for payment of Rs 552 crore

SC gives no relief to Sahara chief Subrata Roy, refuses to extend deadline for payment of Rs 552 crore

The Supreme Court on Wednesday noted that embattled Sahara chief Subrata Roy has deposited Rs 710.22 crore in the SEBI-Sahara account

Jul 05, 2017, 16:47 PM IST
 SC extends Sahara Chief Subrata Roy's interim bail till July 5

SC extends Sahara Chief Subrata Roy's interim bail till July 5

Supreme Court has granted 10 more working days to Sahara chief Subrata Roy to deposit Rs 709.82 crore with the Sahara-SEBI refund account.

Jun 19, 2017, 16:45 PM IST
IRDAI appoints administrator for Sahara Life Insurance Company

IRDAI appoints administrator for Sahara Life Insurance Company

Insurance regulator IRDAI on Monday appointed an administrator to manage Sahara India Life Insurance Company, saying Subrata Roy-run insurer was "acting in manner" prejudicial to interest of subscribers.

Jun 12, 2017, 20:08 PM IST

SC warns Sahara chief Subrata Roy, says pay the dues or go to jail

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Apr 27, 2017, 21:16 PM IST
SC extends Subrata Roy's parole till June 19; warns to put him in jail for non-payment of Rs 1,500 crore

SC extends Subrata Roy's parole till June 19; warns to put him in jail for non-payment of Rs 1,500 crore

The Apex Court last week directed sale of Sahara's Aamby Valley at Lonavala and appointed Bombay HC official liquidator for selling the property.

Apr 27, 2017, 13:50 PM IST
I-T dept issues Rs 24,646 crore notice to Sahara's Aamby Valley

I-T dept issues Rs 24,646 crore notice to Sahara's Aamby Valley

The Income Tax department has issued a Rs 24,646 crore tax demand notice to Sahara Group's Aamby Valley Limited (AVL) after conducting a special audit of the company.

Apr 25, 2017, 19:36 PM IST
Big blow for Subrata Roy: SC orders Sahara's Aamby Valley auction

Big blow for Subrata Roy: SC orders Sahara's Aamby Valley auction

The Supreme Court on Monday directed sale of Sahara's Aamby Valley at Lonavala and appointed Bombay HC official liquidator for selling the property.

Apr 17, 2017, 15:00 PM IST
Will auction Aamby Valley if Rs 5,000 cr not paid: SC to Sahara

Will auction Aamby Valley if Rs 5,000 cr not paid: SC to Sahara

The Supreme Court on Tuesday warned the Sahara Group that it would auction its prime property worth Rs 39,000 crore at Aamby Valley in Pune if Rs 5092.6 crore is not paid by the company by April 17 as promised.

Mar 21, 2017, 19:48 PM IST
SC asks Sahara to deposit Rs 5092.6 crore to keep Subrata Roy out of jail

SC asks Sahara to deposit Rs 5092.6 crore to keep Subrata Roy out of jail

The Supreme Court has directed the Sahara Group to deposit Rs 5092.6 crore by April 7 in the SEBI-Sahara account to keep its chief Subrata Roy out of jail and said the amount will be refunded to the investors.

Mar 01, 2017, 10:09 AM IST
SC extends Sahara chief Subrata Roy’s parole till April 17

SC extends Sahara chief Subrata Roy’s parole till April 17

The Supreme Court on Tuesday extended the parole of Sahara Group chief Subrata Roy till April 17.

Feb 28, 2017, 17:02 PM IST
Supreme Court orders attachment of Sahara's Aamby Valley project

Supreme Court orders attachment of Sahara's Aamby Valley project

The Supreme Court on Monday attached Sahara group`s Aamby Valley property in Pune for the recovery of Rs 14,799 crore that the group`s two companies involved in real estate have to pay investors.

Feb 06, 2017, 16:08 PM IST