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17 Mar 2015

Mirach to file $400 million defamation suit against Sahara

Accusing Mirach Capital of cheating and forgery in the failed USD 2.05 billion loan arrangement, Sahara had also said last month that it has initiated legal action against the US-based firm.

19 Feb 2015

US authorities probe alleged forged letter from Mirach in Sahara deal

Sahara had sought to borrow more than $1 billion from Mirach to help bail its chairman, Subrata Roy, out of jail in New Delhi.

13 Feb 2015

Sahara says taking legal action against Mirach after deal collapse

The talks involved a loan by Mirach secured against some of Sahara`s properties including New York`s Plaza hotel, but they collapsed acrimoniously.

13 Feb 2015

Preparing legal action against Sahara: Mirach

The Subrata Roy-led Sahara group has accused Mirach of "cheating and forgery" in the failed USD 2.05 billion loan arrangement and said it has initiated legal action against the US-based firm.

11 Feb 2015

Mirach calls off Sahara loan deal, returns fees

The Court had given time till February 20 for the deal, but it fell apart after Bank of America disclosed that it was not involved in the deal as was being claimed.

08 Feb 2015

Sahara saga: Mirach says 3 hotels can fetch maximum $1.67 billion

As the blame-game continues over their floundered deal, US-based Mirach Capital has claimed that Sahara's three overseas hotels can fetch a maximum valuation of USD 1.67 billion (Rs 10,400 crore).

07 Feb 2015

Tender apology or pay compensation: Mirach warns Sahara

In a fresh twist to the alleged "forgery" saga, US-based Mirach on Saturday asked Sahara to make a "formal apology" for tarnishing its image, failing which it warned of legal action and demanded over USD 13 million in compensation for breach of contract.

05 Feb 2015

Subrata Roy's get-out-of-jail deal is mired in mystery

Subrata Roy, the boss of the Sahara conglomerate, is in a New Delhi prison on contempt-of-court charges and needs to post $1.6 billion in bail to get out. To help raise the money, Sahara is in talks to refinance its overseas hotels, including New York`s Plaza.

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