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

Last Updated: Wednesday, June 04, 2014, 14:31

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

Last Updated: Monday, April 21, 2014, 20:43

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

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 remain in jail as SC adjourns hearing on bail plea

Last Updated: Tuesday, March 25, 2014, 09:09

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

Last Updated: Thursday, March 13, 2014, 09:03

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

Last Updated: Wednesday, March 12, 2014, 10:49

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

Last Updated: Tuesday, March 04, 2014, 21:25

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

Last Updated: Tuesday, March 04, 2014, 21:21

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

Last Updated: Tuesday, March 04, 2014, 19:09

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 claims all but Rs 2,000 cr refunded to investors

Last Updated: Saturday, March 01, 2014, 00:10

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

Last Updated: Friday, February 28, 2014, 21:21

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).