Sahara case

Complaints on Sahara, SEBI top grievances to govt

Complaints on Sahara, SEBI top grievances to govt

The study was conducted by the Quality Council of India for the Ministry of Personnel, Public Grievances and Pensions, following recommendations of a Parliamentary committee.

Aug 28, 2017, 17:01 PM 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
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
SEBI seeks vendor for storage, web access to 20 crore Sahara docs

SEBI seeks vendor for storage, web access to 20 crore Sahara docs

In the high-profile Sahara case, regulator SEBI is looking for a server hosting vendor for the mammoth task of providing electronic data storage and web access services for a database of 20 crore scanned pages.

Nov 22, 2015, 13:05 PM IST

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Mar 23, 2015, 10:27 AM IST
Last chance to Sahara to negotiate deal for Subrata Roy's release: SC

Last chance to Sahara to negotiate deal for Subrata Roy's release: SC

Sahara Group was Friday granted the third and last opportunity by the Supreme Court to g negotiate a deal for selling its offshore properties for raising Rs 10,000 crore to ensure the release of its Chief Subrato Roy, who has been in jail for a year for non-refund of over Rs 20,000 crore to depositors.

Mar 13, 2015, 19:31 PM IST

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Mar 04, 2015, 10:37 AM IST

Ready to pay money for Subrata Roy's release, lawyers tell SC

The lawyers of Sahara chief Subrata Roy has told the Supreme Court that it is now ready to pay Rs 10, 000 crore for his release from jail.

Jan 09, 2015, 16:19 PM IST

SC grants 15 days more time to Subrata Roy to sell hotels

The Supreme Court on Monday granted 15 more working days time to jailed Sahara Chief Subrata Roy to seal the deal to sell his three luxury hotels in New York and London to raise money to be deposited with SEBI to get bail.

Sep 08, 2014, 18:35 PM IST

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Sep 08, 2014, 18:24 PM IST

Sahara case: SC gives Subrata Roy another 15 days to sell hotels

A bench led by Justice T S Thakur allowed Sahara's application while making it clear that this would be the last extension of time and he must close the deals by the extended period.

Sep 08, 2014, 15:41 PM IST

Sahara may mortgage iconic hotels to raise $1.7 billion bail for jailed chairman

Sahara conglomerate would rather mortgage its trophy overseas hotel properties than sell them to raise the $1.7 billion in bail money for its jailed chairman, a senior company executive told Reuters.

Sep 05, 2014, 17:22 PM IST

Sahara case: Subrata Roy seeks 10 more days to sell off hotels

Sahara chief Subrata Roy on Friday asked for 10 more days from the apex court to sell off three of his overseas properties. The latest development comes at a time when the Sahara chief is trying hard to sell off his overseas properties in order to secure his bail.

Sep 05, 2014, 11:26 AM IST

Sahara offers to sell overseas hotels to repay investors

On Monday, Sahara`s lawyers told the court that the group was willing to sell the three hotels it owns in London and New York to raise funds, but sought Roy`s release to facilitate any possible deal.

May 19, 2014, 19:40 PM IST

Sahara case: Pressure, tension unimaginable, says SC judge

Supreme Court judge Justice K S Radhakrishnan, who heard the Sahara case, has said that the "pressure, tension and strain" for the two-member bench was "unimaginable" in dealing with the "complicated" matter.

May 11, 2014, 23:08 PM IST

SEBI gets flooded with Sahara refund claims

In the high-profile Sahara case involving refund of over Rs 24,000 crore to investors, market regulator SEBI has got a new problem at hand -- that is handling the huge volumes of refund claims with majority of them being without necessary documents and details.

Jun 09, 2013, 14:31 PM IST

Three independent members quit Sahara boards

Those having relinquished their association with Sahara group include RBI's former Deputy Governor Amitabha Ghosh, retired Supreme Court judge S Mohan and New India Assurance Company's former Chairman A C Mukherjee.

Apr 08, 2013, 18:06 PM IST

SAT adjourns hearing to Apr 13 in Sahara-Sebi case

Roy has approached the SAT against the attachment orders issued by Sebi last month. The Tribunal, in its last hearing in Mumbai on March 23, had decided to hold its final hearing in the matter here in the National Capital on March 26.

Mar 26, 2013, 12:21 PM IST

Sahara case: SAT to continue hearing on Subrata Roy's plea today

After expiry of the court-set deadline for the refund, Sebi last month issued attachment orders against the two firms and their top executives, including Subrata Roy.

Mar 26, 2013, 08:45 AM IST

Sebi relies on robotic systems to handle Sahara files

In the high profile Sebi-Sahara case, the market regulator has been asked by the Supreme Court to refund the money collected by two Sahara group firms to an estimated three crore investors after verifying their investment documents and other credentials.

Mar 24, 2013, 15:31 PM IST