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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.

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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.

Watch: Top 10 News @7am

Watch: Top 10 News @7am on Zee News.

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.

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.

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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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Sahara case: Sebi moves SC; seeks Subrata Roy's detention

The market regulator mentioned the matter before a bench headed by Justice K S Radhakrishnan which agreed to hear its plea and posted the case for hearing in the first week of April.

Sebi-Sahara case: SAT to hear Subrata Roy's plea on March 23

The Securities Appellate Tribunal on Tuesday posted for March 23 its final hearing on a plea by Sahara chief Subrata Roy against market regulator Sebi's attachment order on bank accounts and properties of two group firms and their top executives.

Sebi extends bid deadline for verification job in Sahara case

The interested parties have been now asked to submit bids till January 15, the Securities and Exchange Board of India (Sebi) said in a notice for those interested in the tender.