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16 Sep 2015

Relief for Sahara: US court rejects plea for attachment of two hotels

In a relief to Sahara, a US court has rejected a plea seeking to attach the Indian group's prized Plaza and Dream Downtown hotels here.

16 Sep 2015

Sahara group welcomes court order on US hotels

The Sahara group Wednesday welcomed a US court's order that rejected the plea for attachment of its two hotels in New York and said it was "unfairly" dragged into a private dispute between two parties.

16 Sep 2015

US court rejects plea for attachment of Sahara hotels

In a relief to Sahara, a US court has rejected a plea seeking to attach the Indian group's prized Plaza and Dream Downtown hotels here.

25 Jun 2015

Sahara Group says will defend lawsuit on US hotels sale

Facing a lawsuit in the US over sale of its overseas hotels, crisis-ridden Sahara Thursday said it was a "private dispute" between two parties unrelated to it and the group will "vigorously" defend its position.

03 Mar 2015

Sahara says mulling loan refinancing to regain hotel control

Facing a possible sale of its Grosvenor House hotel in London by lenders, Sahara Tuesday said it is working on a refinancing transaction to repay the loans to Bank of China and regain control of the iconic property.

08 Sep 2014

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.

05 Sep 2014

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.

14 Aug 2014

SC grants 15 more days to Subrata Roy to wind up negotiations

The Supreme Court on Thursday allowed Sahara chief Subrata Roy to use the conference room in Tihar jail complex for another 15 days in order to wind up negotiations.

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