Sahara says RBI cancellation of NBFC licence mutually decided

A day after the RBI announced cancellation of NBFC licence of Sahara India Financial Corp Ltd, the group Tuesday said the decision was as per "a mutually decided arrangement" between the central bank and the company.

RBI cancels Sahara India Financial Corp's NBFC registration
RBI cancels Sahara India Financial Corp's NBFC registration

In a fresh jolt to Saharas, Reserve Bank has cancelled Sahara India Financial Corporation's certificate of registration as NBFC.

RBI cancels Sahara India's para-banking license
RBI cancels Sahara India's para-banking license

The notice cancelling its license to conduction financial business has been sent to the Kapurthala head quarter of the Sahara India.

Sahara executive proposes Rs 3,000-cr 'contribution scheme'

The scheme involves collection of Rs 1.25 lakh-1.50 lakh each from these two lakh persons, as per a letter sent by D K Srivastava, an Executive Director in the group.

Sahara Group residential project sold to Ahmedabad-based firm

Sahara Group had floated 'Sahara City' residential scheme at Shela village near Bopal on the city outskirts a few years ago.

SC refuses Subrata Roy's bail; lets company sell properties to raise money

65-year-old Roy, was sent to jail for non-refund of over Rs 20,000 crore to depositors.

SC reserves order on Subrata Roy's plea against his detention

In its new proposal placed on Monday, Sahara group assured the court that it will pay Rs 3,000 crore within three-four working days and another Rs 2,000 crore in cash by May 30.

Supreme Court willing to defreeze Sahara bank accounts

"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

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 remain in jail as SC adjourns hearing on bail plea

Subrata Roy was sent to jail on March 4 by the top court in connection with contempt proceedings over two group companies' failure to pay Rs 20,000 crore.

Sahara case: SC rejects Subrata Roy's bail plea; next hearing on March 25

Subrata Roy has moved the Supreme Court challenging its order for detaining him for not depositing Rs 20,000 crore with the market regulator.

Sahara Case: SC agrees to hear Subrata Roy's bail plea

Earlier on Monday, the apex court had deferred hearing in Roy's case slated for Tuesday, apparently in the absence of any concrete refund proposal.

High drama greets Subrata Roy at Supreme Court

Amid unprecedented chaos and commotion, 65-year-old Roy came to appear before the court in a white Bolero police vehicle and told the waiting media, "I promise that I will meet you all after coming out".

Subrata Roy, two directors sent to week's judicial custody

In a hard-hitting order, the bench consisting of Justices K S Radhakrishnan and J S Khehar questioned the claims made by the group of having refunded the money.

Subrata Roy to remain in custody: SC

Apart from Roy, the bench also ordered that the Group's other two Directors Ravi Shankar Dubey and Ashok Roy Choudhary be taken into custody letting the woman Director, Vandana Bhargava free.

Sahara chief arrest: Cops close popular picnic spot for public

Kukrail picnic spot which is popular among locals has been closed for public for three days as arrested Sahara India chief Subrata Roy has been kept at its guest house following court orders.

Sahara claims all but Rs 2,000 cr refunded to investors

In a statement issued soon after Roy's arrest, the group also accused Sebi of going slow on verifying accounts. The regulator has maintained that the documents provied by the companies were "hopelessly mixed up".

Sahara accuses Sebi of going slow on investor verification

Sahara has been engaged in a long battle with Sebi with regard to investor refund of more than Rs 24,000 crore, which Sebi found that the group's companies had raised through "various illegalities" by issuing bonds known as OFCDs (Optionally Fully Convertible Debentures).

Subrata Roy leaves residence; to reach CJM court soon

Subrata Roy will be produced before CJM court in Lucknow. "Roy has been arrested and will be produced in court later today," Transgomti SP Habibul Hassan said.

Sahara chief Subrata Roy moves SC for recall of NBW order

"The applicant (Roy), however is presenting himself before this court as it has always been his resolve to uphold the dignity and majesty of law.