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Subrata Roy News
Sahara-Sebi case: Two Sahara group firms move SC, file contempt plea against market regulator
Wed, Dec 02, 2020
Sahara-Sebi case: Two Sahara group firms have moved the Supreme Court seeking initiation of contempt proceedings against SEBI alleging that the market regulator's demand of Rs 62,602 crore from them was not only contemptuous but a mischievous attempt to overreach the directions of the apex court.
Sebi wants Sahara Group chief Subrata Roy to pay $8.43 bn, says cancel parole if tycoon fails to pay; petition filed with SC
Fri, Nov 20, 2020
Market regulator Securities and Exchange Board of India (SEBI) has petitioned the Supreme Court to direct Sahara Group chief Subrata Roy to pay as much as 626 bn rupees (USD 8.43 billion) immediately or cancel his parole if he doesn't. The court filings were seen by Bloomberg
Big setback for Subrata Roy led Sahara over Rs 14,000 cr case; what Sebi ordered
Fri, Nov 02, 2018
Sebi found that Sahara India Commercial Corporation (SICCL) had made an offer of OFCDs in financial years 1998-2009 and raised an amount of at least Rs 14,106 crore from 1,98,39,939 investors. The regulator, in 2011, already ordered two Sahara group firms -- Sahara India Real Estate Corporation Ltd (SIRECL) and Sahara Housing Investment Corporation Ltd (SHICL) -- to refund the money raised from investors through OFCD route.
Subrata Roy's Sahara Group says sees ray of hope as SC allows Aamby Valley operations to start
Sun, Jul 15, 2018
Sahara Group has hinted at a comeback and not just that, it is reportedly gunning for primacy in India in the coming two years.
No takers for Subrata Roy led Sahara Group's Aamby Valley properties: Liquidator to SC
Fri, Jul 13, 2018
The bench, which also comprised Justices Ranjan Gogoi and A K Sikri, then agreed to the submission of senior advocate Vikas Singh, the counsel for Sahara Group, that the court-appointed receiver of the Aamby Valley properties and the Official Liquidator be discharged of their duties.
Subrata Roy led Sahara Group to sell New York's iconic Plaza Hotel for $600 mn: Source
Wed, Jul 04, 2018
The tiny but ultra-rich Gulf state of Qatar has agreed to buy one of New York`s most iconic buildings, the Plaza Hotel, for around $600 million, adding a development that was once owned by U.S. President Donald Trump to its luxury property portfolio.
Sahara Group to make comeback? Subrata Roy led firm unveils road map; pegs losses at Rs 10,000 cr
Mon, Jul 02, 2018
Sahara Group chief Subrata Roy has been battling a case in Supreme Court regarding his company not refunding about Rs 24,000 crore deposits to investors.
Now, Subrata Roy led Sahara Group gets this new deadline to sell Aamby Valley property
Thu, Apr 19, 2018
The Supreme Court today allowed the Subrata Roy led Sahara Group to choose any parcel of its property in the Aamby Valley city project in Maharashtra and sell them by May 15 and deposit the proceeds with the SEBI-Sahara refund account.
Aamby Valley auction for Rs 37,000 crore gets just two potential bidders
Sun, Sep 17, 2017
Just two interested parties have turned up and have submitted their KYC details as required for the initial steps of the auction process.
IRDAI decision against Sahara India Life raises several questions
Sun, Jul 30, 2017
On the insurance regulator`s serious charge that Rs 78 crore has been siphoned off, industry officials ask what action have the IRDAI or the administrator appointed by it in June 2017 taken in that regard.
IRDAI asks ICICI Prudential to take over Sahara insurance business
Sat, Jul 29, 2017
Embattled Sahara group chairman Subrata Roy had met Irdai chairman to seek more time to resolve the crisis at his life insurance arm on July 24. ICICI Prudential had submitted a valuation report to the regulator to take over the company on the same day.
Supreme Court approves term for Sahara's Aamby Valley auction
Tue, Jul 25, 2017
SC asked Bombay HC official liquidator to proceed with publication of sale notice of Sahara's prime Aamby Valley properties.
Sahara short of Rs 9,000 crore of Rs 24,000 crore principal amount
Wed, Jul 05, 2017
The apex court had given them the time till today to deposit Rs 1500 crore, as during the previous hearing, Sahara Group had deposited Rs 790.18 crore and were to pay the balance of Rs 709.82 crore.
Supreme Court grants Subrata Roy 10 more days to deposit Rs 709.82 crore
Mon, Jun 19, 2017
A bench comprising Justices Dipak Misra and Ranjan Gogoi considered the submissions of senior advocate Kapil Sibal, appearing for Roy, that Rs 790.18 have been already been deposited with the SEBI-Sahara account and 10 more working days be granted for submission of the remainder.
Will auction Aamby Valley if Rs 1500 crore not deposited by June 15, SC tells Subrata Roy
Thu, Apr 27, 2017
Accepting the offer, the apex court said that Roy will be send to jail if Rs 1500 crore payment not met the deadline.
Not Mallya's, Tata, Godrej, Adani show interest in buying Sahara properties
Wed, Apr 19, 2017
On February 28, the Supreme Court had allowed Sahara to sell certain properties after market regulator Sebi found it difficult to auction them even with the help of specialised agencies.
Supreme Court wants Sahara's Aamby Valley property auctioned
Mon, Apr 17, 2017
The top court had in 2012 asked Sahara to return the investors` money that Sahara India Real Estate Corp Ltd and Sahara Housing Investment Corp Ltd had raised in 2008 and 2009.
Will auction Aamby Valley if money not deposited: SC to Sahara
Thu, Apr 06, 2017
The top court had earlier directed attachment of Sahara Group's prime property for realisation of money to be paid to its investors.
Supreme Court attaches Sahara's Aamby Valley property
Mon, Feb 06, 2017
The apex court will next hear Sahara's case on February 27.
Supreme Court refuses to extend Sahara chief Subrata Roy's time to pay Rs 600 crore
Thu, Jan 12, 2017
On November 28, Supreme Court had extended Roy's parole to February 6.