Two private firms today moved the Supreme Court expressing their willingness to buy Sahara Group's three overseas hotels, Grosvenor House Hotel in London, the New York Plaza and Dream New York hotels, which will help raise money for release of Subrata Roy from jail.
The Supreme court on Friday gave 18 months to Sahara to repay Rs.36,000 crore of the investors money which its two companies, SIRECL and SHFCL, had collected in 2007-08 through OFCDs
The Supreme Court gave Sahara a 'final and last opportunity' to raise Rs.10,000 crore to make a part payment to investors for the money raised through OFCDs in 2008-09, for release of Subrata Roy and two directors from custody
US-based Mirach Capital today said it is initiating a USD 400 million defamation lawsuit against the Sahara group, while alleging that the failed financing deal with the Indian conglomerate has caused "irreparable harm" and "shaken investor confidence"
Hitting back at Sahara, US-based Mirach Capital today rejected accusations of indulging in forgery and claimed the Indian group has walked out of the USD 2 billion loan arrangement fearing repayment defaults
Crisis-hit Sahara today said ithas been cheated by US-based Mirach Capital with a "forged letter" of USD 2 billion funding through Bank of America -- a major blow to the group's fund-raising efforts to secure bail for its chief Subrata Roy
Jailed chief of Sahara conglomerate Subrata Roy has once again been provided with an AC conference room with services like internet and video-conferencing at the Tihar prison as per a Supreme court order to complete negotiations for raising funds for his bail
If news that the famously incarcerated Sahara group head honcho, Subrata Roy, (in jail since March for failing to appear in court in connection with the Rs 24,000 crore unreturned investor deposits) will be out on bail soon, turns out to be correct, then besides his family and friends, a certain Mumbai-based numerologist called Sanjay B ('Success is a Blend of Good-Fortune & Hard-Work!') Jumaani will be a happy man
As it tries to raise funds for securing release of chief Subrata Roy from Tihar jail, Sahara group today sold a big land parcel in Gurgaon near here for Rs 1,211 crore to realty firm M3M India Ltd
The Supreme Court today declined to give an urgent hearing to the plea of jailed Sahara chief Subrata Roy seeking bail to attend the cremation and perform rituals relating to the death of his aunt
The Sultan of Brunei has reportedly made a bid for New York's Plaza Hotel, Dream Hotel and London's Grosvenor House hotel currently owned by India's Sahara Group
Supreme Court allows Sahara chief Subrata Roy, who has been in jail for the last five months, to use conference room in Tihar jail for negotiation with potential buyers of his luxury hotels in New York and London to raise Rs 10,000 crore to get regular bail
The Supreme Court Tuesday turned down Sahara Group chairman Subrata Roy's plea for release on parole to arrange the sale of three overseas hotels to generate Rs.10,000 crore to be returned to investors
The Supreme Court on Friday reserved its order on the plea by Sahara Group chief Subrata Roy seeking the court's nod for selling its three overseas hotels to generate Rs.10,000 crore and for his release on 40 days parole to put through the international transaction.
The Sahara Group has thanked the Supreme Court for lifting the freeze on its moveable and immovable assets so that it can raise the Rs.10,000 crore for part payment of dues, but also said it had repaid the bulk of money owed to investors
Sahara group chief Subrata Roy will remain in jail even as the Supreme Court Wednesday lifted the freeze on the group's moveable and immovable assets so it could raise Rs.10,000 crore for part repayment to investors
In a sudden twist in the Sahara Group case, Supreme Court judge Justice J S Khehar has recused himself from hearing the matter following which a new bench has been constituted
The Supreme Court Tuesday rejected the plea by Sahara chief Subrata Roy challenging its March 4 order sending him to judicial custody for not complying the order to return investors money by routing it through SEBI
Boney Kapoor apparently called up the Bhatts to complain against their protégé’s film, 'Raja Natwarlal'
The Supreme Court on Thursday says that Sahara Group chief Subrata Roy has been sent to jail for ensuring compliance with its order to return investors money