Sahara Group

SC directs Sahara chief Subrata Roy to appear before it on February 28

Roy has failed to deposit Rs 25,700 crore in the SEBI-Sahara case for returning investors' money.

Jan 31, 2019, 16:09 PM IST

Force India name disappears from Formula One as FIA releases 2019 entry list

The team, who became Force India in 2008 after Indian beer baron Vijay Mallya bought Spyker F1, were taken over in August by Canadian billionaire Lawrence Stroll after going into administration.

Dec 01, 2018, 07:44 AM IST

Sahara SEBI Case: Aamby valley auction fails to get bids; two buyers offer to buy properties

Subrata Roy-led group managed to bail out of its elite ownership by informing the SC that two firms are willing to pay Rs 1,000 crore for its properties at Vasai in Mumbai. 

Jul 12, 2018, 17:20 PM IST

SC allows Sahara Group to sell properties in any parcel of Aamby Valley before May 15

The proceeds from the sale will have to be deposited in SEBI-Sahara refund account.

Apr 19, 2018, 16:43 PM IST

Tough to maintain Sahara Group's Aamby Valley: Official receiver tells Supreme Court

Subrata Roy, who has spent almost two years in jail, has been on parole since May 6 last year.

Jan 05, 2018, 22:04 PM IST

SC asks Bombay HC Receiver to auction Sahara's Aamby Valley

SC also directed the official liquidator, who has been entrusted with the task of conducting the auction, to take instructions from the company judge or the Bombay High Court.

Nov 23, 2017, 16:48 PM IST

Hand over Aamby Valley to receiver within 48 hours: SC to Sahara

SEBI also said the letter was also sent to the additional chief secretary and no bidder was coming forward to bid for the property as the police, while taking note of the letter, has taken its custody.

Oct 12, 2017, 16:51 PM IST

Just two potential bidders for Rs 37k crore Aamby Valley auction

The auction process has been initiated even as a Mauritius-based investor, Royale Partners Investment Fund, has signed a pact with Sahara offering to invest USD 1.67 billion (over Rs 10,700 crore) in the Aamby Valley project.

Sep 17, 2017, 18:19 PM IST

SC rejects Sahara's plea for lifting attachment, stopping auction of Aamby Valley

The Supreme Court on Monday rejected a plea by Sahara Group urging it to lift attachment of its Aamby Vally project and permit it to enter into agreement with Royal Partners Investment Fund for selling it 26 per cent stakes in it for $1.6 billion.

Sep 11, 2017, 22:39 PM IST

Setback for Subrata Roy: Sahara's Aamby Valley up for auction at Rs 37,392 crore reserve price

The Official Liquidator (OL) for the Aamby Valley City in Lonavala has put up a reserve price of Rs 37,392 crore, as part of efforts to partially recover the pending dues to various lenders.

Aug 14, 2017, 10:29 AM IST

Mauritius fund offers $1.67 billion fund for Sahara's Aamby Valley

The investment offer, proposed as a debt arrangement, comes at a time when the Supreme Court has ordered auction of the Aamby Valley resort town between Mumbai and Pune in Maharashtra. Sahara group pegs the market valuation of this project at over Rs 1 lakh crore.

Aug 11, 2017, 19:23 PM IST

Sahara to challenge IRDAI order on life insurance biz transfer to ICICI Prudential

Embattled Sahara group on Sunday said it will approach court of law against IRDAI order directing transfer of its life insurance business to ICICI Prudential and alleged that the insurance regulator has "wrongly concluded" that the promoter was no more 'fit and proper' and a sum of Rs 78 crore was siphoned.

Jul 30, 2017, 17:50 PM IST

SC asks Sahara chief to deposit Rs 1,500 crore by September 7

The Supreme Court on Tuesday directed Sahara group chief Subrata Roy to deposit Rs 1,500 crore in the SEBI-Sahara refund account by September seven.

Jul 25, 2017, 17:47 PM IST

Supreme Court to hear Sahara-SEBI refund dispute on Thursday

In its previous hearing, the apex court gave 15-days time to Roy to deposit Rs. 552 crore in connection with the case.

Jul 20, 2017, 11:24 AM IST

ICICI Prudential keen to buy Sahara Life Insurance

ICICI Prudential Life has evinced interest to acquire troubled Sahara Group's life insurance arm Sahara Life, which has policyholder liability of Rs 900 crore.

Jul 05, 2017, 12:31 PM IST

Sahara Group firm to pay Rs 1.43 crore to home buyer for delay

A Sahara Group company has been directed by the apex consumer body to refund over Rs 1.43 crore to a home buyer for its failure to give possession of a bungalow in one of its housing projects near Nagpur.

Jun 06, 2017, 13:12 PM IST

I-T dept issues Rs 24,646 crore notice to Sahara's Aamby Valley

The Income Tax department has issued a Rs 24,646 crore tax demand notice to Sahara Group's Aamby Valley Limited (AVL) after conducting a special audit of the company.

Apr 25, 2017, 19:36 PM IST

Will auction Aamby Valley if Rs 5,000 cr not paid: SC to Sahara

The Supreme Court on Tuesday warned the Sahara Group that it would auction its prime property worth Rs 39,000 crore at Aamby Valley in Pune if Rs 5092.6 crore is not paid by the company by April 17 as promised.

Mar 21, 2017, 19:48 PM IST

SC extends Sahara chief Subrata Roy’s parole till April 17

The Supreme Court on Tuesday extended the parole of Sahara Group chief Subrata Roy till April 17.

Feb 28, 2017, 17:02 PM IST

SEBI-Sahara refund case: Subrata Roy’s interim parole expires, Supreme Court to hear case today

The Supreme Court will hear the SEBI-Sahara refund case Monday. The apex court had decided to hear the Sahara refund case on February 6 after Subrata Roy’s lawyer Kapil Sibal urged that this matter be advanced. Roy’s interim parole will expire Monday.

Feb 06, 2017, 10:01 AM IST