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Sahara floats new proposal for Subrata Roy's bail

Sahara floats new proposal for Subrata Roy's bail

Last Updated: Thursday, April 17, 2014, 21:12

Sahara group Thursday told Supreme court it is willing to pay Rs 2,500 crore within four days and another Rs 2,500 crore in cash within 60 days for release of its chief Subrata Roy and two directors.

SC to resume hearing on Subrata Roy's bail plea today

Last Updated: Thursday, April 17, 2014, 08:27

The company will inform the Supreme Court of its bank account numbers today so that they can be defrozen.

Supreme Court willing to defreeze Sahara bank accounts

Last Updated: Wednesday, April 16, 2014, 19:04

"We are willing to pass an order. You (Sahara) tell us you want to raise money. Tell us about the property and bank accounts. You have not given us so far," a bench comprising justices K S Radhakrishnan and J S Khehar said.

SC may de-freeze Sahara bank a/cs to let it raise Rs 10K crore

Last Updated: Wednesday, April 16, 2014, 09:16

Sahara counsel had earlier in the day argued that SC order seeking Rs 10,000 crore repayment is not feasible since all the bank accounts of the company are frozen.

Subrata Roy to stay in jail as SC rejects plea for house arrest

Last Updated: Wednesday, April 09, 2014, 18:07

Sahara Group chief Subrata Roy will continue to remain in Tihar jail as the Supreme Court today rejected his plea that he be put under house arrest to enable him negotiate deals for arranging money to repay investors.

SC declines Sahara's plea to keep Subrata Roy under house arrest

Last Updated: Wednesday, April 09, 2014, 13:40

Subrata Roy will stay in Tihar jail for some more time as the Supreme Court on Wednesday declined Sahara's plea to keep Subrata Roy under house arrest instead of in Tihar Jail.

Sahara withdraws offer to pay Rs 2,500 cr for Subrata Roy's bail

Last Updated: Monday, April 07, 2014, 22:05

Sahara group has withdrawn its proposal from the Supreme Court in which it had assured to pay Rs 2,500 crore immediately and rest Rs 2,500 crore in cash in three weeks for getting bail for its chief Subrata Roy and two directors.

Not punishing Roy; contempt petition still pending: SC

Last Updated: Thursday, April 03, 2014, 22:34

SC said that its order sending him and two company directors to custody is not a punishment and that the matter of contempt will be dealt with separately.

Unable to pay Rs 10,000 crore for Roy's release: Sahara to SC

Last Updated: Thursday, April 03, 2014, 15:07

The court, however, asked Sahara to file its proposal before the Registry and then it will consider it.

Can't deposit Rs 10,000 cr to secure Subrata Roy's release: Sahara to SC

Last Updated: Thursday, April 03, 2014, 08:58

The Sahara lawyers today pleaded the apex court to release Roy on payment of Rs 2,500 crore and assured the highest court to pay rest of 2,500 crore in cash within three weeks.

Sahara group's staff salaries to get delayed

Last Updated: Monday, March 31, 2014, 18:35

Last week, in a fresh dramatic twist to the Sebi-Sahara saga, an innovative idea was floated for collection of at least Rs 1 lakh each from Sahara employees and 'well-wishers' to garner at least Rs 5,000 crore and secure group chief Subrata Roy's release from Tihar Jail.

Sahara staff offer to collect Rs 5,000 cr for Subrata Roy's release

Last Updated: Friday, March 28, 2014, 18:29

Roy, 65, has been in Tihar jail since March 4 and the Supreme Court earlier this month proposed a conditional interim bail for him asking the group to deposit Rs 10,000 crore including Rs 5,000 crore as bank guarantee.