Tag: Sahara
17 Results
-
Sebi is ‘acting biased’ and is raising a “wrong demand’, says Sahara
This comes a day after India’s market regulator Sebi petitioned the Supreme Court to direct Sahara Group chief Subrata Roy to pay Rs 62,600 crore.
November 20, 2020 -
‘Netflix series Bad Boy Billionaires on Sahara is ill-researched and away from facts’
Sahara has strongly objected to Netflix using the chit fund tag for Sahara.
October 22, 2020 -
Sahara’s Aamby Valley up for auction at Rs 37K cr
In a major setback to the Subrata Roy-owned Sahara Group, the Bombay High Court on Monday put up its prestigious Aamby Valley property in Maharashtra for a public auction. 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 …
Continue reading "Sahara’s Aamby Valley up for auction at Rs 37K cr"
August 14, 2017 -
Pay Rs. 1,500 crore by Sept 7 to avoid Aamby Valley auction: SC to Subrata Roy
The Supreme Court on Tuesday ordered Sahara chief Subrata Roy to deposit Rs.1,500 crore by September 7, failing which the process to auction Aamby Valley will start. The Sahara chief told the apex court that he won't be able to pay up the sum by the deadline. The top court then asked the Bombay High …
Continue reading "Pay Rs. 1,500 crore by Sept 7 to avoid Aamby Valley auction: SC to Subrata Roy"
July 25, 2017 -
Sahara short of Rs. 9,000 Cr of Rs. 24,000 cr principal amount
The Supreme Court on Wednesday noted that the embattled Sahara Group was still short of Rs 9,000 crore of the principal amount of Rs 24,000 crore to be deposited in the SEBI-Sahara account to refund its investors. The fact became clear after the apex court took on record that as per the committment given on …
Continue reading "Sahara short of Rs. 9,000 Cr of Rs. 24,000 cr principal amount"
July 5, 2017 -
SC rejects Sahara’s plea for more time to pay money
The Supreme Court on Wednesday turned down Sahara Group chief Subrata Roy's plea for more time to pay Rs. 552.21 crore and warned of consequences if the cheque given by the firm to market regulator SEBI was not honoured. Declining the plea for extension in the time for the cheque's encashment, a bench of Justice Dipak Misra, …
Continue reading "SC rejects Sahara’s plea for more time to pay money"
July 5, 2017 -
SC takes note of deposit of Rs.710 cr by Sahara chief Subrata Roy
The Supreme Court on Wednesday noted that embattled Sahara chief Subrata Roy has deposited Rs. 710.22 crore in the SEBI-Sahara account, but warned that its cheque of Rs. 552.21 crore must be realised within the July 15 deadline. The apex court rejected Roy's request to extend time beyond July 15 for realisation of this cheque. …
Continue reading "SC takes note of deposit of Rs.710 cr by Sahara chief Subrata Roy"
July 5, 2017 -
SC extends Subrata Roy’s parole till July 5, asks him to deposit Rs.709 cr
In fresh development to the case involving Sahara chief Subrata Roy and the Securities and Exchange Board of India (SEBI), the Supreme Court on Monday extended former’s parole till 5 July and granted him 10 more working days to deposit Rs. 709.82 crore with the Sahara-SEBI refund account. The top court had on 27 April …
Continue reading "SC extends Subrata Roy’s parole till July 5, asks him to deposit Rs.709 cr"
June 19, 2017 -
Sahara-SEBI case: SC extends Subrata Roy’s parole till 19 June
In another development to the case involving Sahara chief Subrata Roy and the Securities and Exchange Board of India (SEBI), the Supreme Court on Thursday extended Roy's parole till 19 June and warned him of imprisonment if he failed to pay the amount. In a written undertaking, Subrata Roy told the top court that he …
Continue reading "Sahara-SEBI case: SC extends Subrata Roy’s parole till 19 June"
April 27, 2017 -
Will auction Aamby Valley if money not deposited, SC tells Sahara
The Supreme Court said it will be "compelled" to auction its property valued at Rs.39,000 crore at Aamby Valley in Pune if the Sahara Group fails to deposit Rs.5092.60 crore in SEBI-Sahara refund account by 17 April in pursuance of its order. A bench headed by Justice Dipak Misra told the group that no extension of time …
Continue reading "Will auction Aamby Valley if money not deposited, SC tells Sahara"
April 7, 2017 -
Supreme Court attaches Sahara’s Aamby Valley
The Supreme Court on Monday attached Sahara Group's Aamby Valley property in Pune for the recovery of Rs.14,799 crore that the group's two companies involved in real estate have to pay investors. The bench of Justice Dipak Misra, Justice Ranjan Gogoi and Justice AK Sikri also directed Sahara to submit a list of its properties, which …
Continue reading "Supreme Court attaches Sahara’s Aamby Valley"
February 6, 2017 -
SC denies extra time to Subrata Roy to deposit Rs.600 cr
In a blow to Sahara chief Subrata Roy, the Supreme Court on Thursday refused to extend the February 6 deadline given to the beleagured business tycoon to deposit Rs.600 crore and instead threatened to send him back to jail. “If Sahara Chief does not pay the amount by Feb 6, he shall commit himself to …
Continue reading "SC denies extra time to Subrata Roy to deposit Rs.600 cr"
January 12, 2017 -
SC denies extra time to Subrata Roy to deposit Rs.600 cr
In a blow to Sahara chief Subrata Roy, the Supreme Court on Thursday refused to extend the February 6 deadline given to the beleagured business tycoon to deposit Rs.600 crore and instead threatened to send him back to jail. “If Sahara Chief does not pay the amount by Feb 6, he shall commit himself to …
Continue reading "SC denies extra time to Subrata Roy to deposit Rs.600 cr"
January 12, 2017 -
Subrata Roy’s parole continues, asked to pay Rs.600 cr by February 6
Sahara Chief Subrata Roy will continue to remain on parole as Supreme Court on Monday asked him to deposit Rs.600 crore by February 6 next year as the group submitted the road map for returning Rs.11,036 crore in next two and half years. Asking Sahara to deposit Rs.600 crore, the bench of Chief Justice T.S.Thakur, …
Continue reading "Subrata Roy’s parole continues, asked to pay Rs.600 cr by February 6"
November 28, 2016 -
SC asks Subrata Roy to surrender till September 30
The Supreme Court on Friday gave Sahara chief Subrata Roy time till September 30 to surrender. The court had earlier on Friday morning recalled its interim order granting him parole. The bench headed by Chief Justice of India TS Thakur also said that they will hear an application moved by Sahara on September 28. Read …
Continue reading "SC asks Subrata Roy to surrender till September 30"
September 23, 2016 -
Recall order cancelling parole: Roy urges SC
Sahara chief Subrata Roy on Friday urged the Supreme Court to recall its order cancelling his parole, officials said. Assuring to tender unconditional apology for declaring properties that were already under attachment by Income Tax authorities to market regulator SEBI, Roy urged the apex court to reconsider its decision. Meanwhile, Chief Justice TS Thakur said …
Continue reading "Recall order cancelling parole: Roy urges SC"
September 23, 2016 -
Miffed SC cancels Subrata Roy’s parole
In a setback for Sahara chief Subrata Roy, the Supreme Court on Friday refused to extend his parole and directed the police to take him into custody. A bench headed by Chief Justice TS Thakur cancelled the "interim arrangements" of granting him parole as he got upset after learning that all the properties given by …
Continue reading "Miffed SC cancels Subrata Roy’s parole"
September 23, 2016