subrata roy

  • Sahara seeks Supreme Court's nod to sell Formula 1 shares

    The Sahara Group has sought Supreme Court's permission to sell its shares in the Force India Formula 1 team as part of its effort to raise funds for the release of conglomerate's jailed chief Subrata Roy

  • Force India's partnership with Sahara stands strong: Vijay Mallya

    Force India boss Vijay Mallya says his partnership with the Formula 1 team's co-owner Subrata Roy stands strong despite the Sahara Group chief being in jail since March 2014

  • Two foreign firms move SC to buy Sahara's overseas hotels

    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.

  • SC gives Sahara 18 months to pay up Rs.36,000 crore

    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

  • Supreme Court gives Sahara 'final' chance to raise money

    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

  • Mirach to file USD 400 million defamation suit against Sahara

    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"

  • Mirach hits back at Sahara; offers to buy out overseas hotels

    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

  • Sahara says Mirach cheated it with 'forged' BofA letter

    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

  • Sahara chief Subrata Roy back in special facility at Tihar

    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

  • Out, black spot

    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

  • Delhi: Sahara group sells Gurgaon land to M3M India for Rs 1,211 cr

    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

  • Supreme Court declines urgent hearing plea of Sahara chief Subrata Roy

    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

  • Sultan of Brunei bids for Sahara's New York, London hotels

    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

  • SC allows Sahara chief Subrata Roy to hold talks to sell properties

    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

  • SC turns down Subrata Roy's plea for parole, but allows Sahara chief conditional relief

    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

  • SC reserves order on Subrata Roy's plea for 40 days parole

    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.

  • Sahara thanks Supreme Court for asset de-freeze

    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 chief Subrata Roy to remain in jail even as SC lifts freeze on assets

    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

  • Justice Khehar recuses himself from hearing Sahara case

    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

  • Supreme Court rejects Subrata Roy's plea; to remain in custody

    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