Subrata Roy
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.
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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
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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.
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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.
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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.
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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.
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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.
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