Sahara Aamby Valley

Anybody Obstructing Aamby Valley Auction Would Be Jailed: Supreme Court

Business | Press Trust of India | Thursday October 12, 2017

The top court was irked when SEBI claimed that the group had allegedly obstructed the process by writing a letter to the Pune police raising the issue of law and order at the prime property.

Sahara Obstructing Auction Of Aamby Valley, Supreme Court Told

Business | Tuesday October 10, 2017

The capital market regulator in its petition said that the Aamby Valley Limited has been declared lock out just a few days before the auction.

Aamby Valley Auction: Only Two Potential Bidders Show Interest: Report

Business | Press Trust of India | Sunday September 17, 2017

The integrated hill city township spread over 6,761.6 acres is valued at about Rs 38,000 crore.

Supreme Court Cracks Down On Sahara's Subrata Roy: 10 Key Points

NDTV Profit Team | Tuesday September 12, 2017

The court said that entertaining post-dated cheques dated November 11 would "tantamount to travesty of justice".

Sahara Says Pact Signed For $1.6 Billion Loan On Aamby Valley

Business | Press Trust of India | Monday September 11, 2017

The statement came on a day when the Supreme Court directed the official liquidator to go ahead with the scheduled auction of Aamby Valley property in Maharashtra

Sahara's Aamby Valley Set To Go On Auction In October, Says Supreme Court

Business | A Vaidyanathan | Monday September 11, 2017

Spread over 8,900 acres, Aamby Valley is Sahara's flagship project comprising luxury resorts and an airport and valued at around Rs 38,000 crore.

Sahara In Talks With Mid-Eastern Enterprise Over Sale Of New York Hotels

Press Trust of India | Sunday August 27, 2017

Earlier this month, Supreme Court ordered the liquidator to start the auction process for Sahara group's Aamby Valley resort town.

Sahara Aamby Valley Auction To Begin At Rs 37,392 Crore

Press Trust of India | Monday August 14, 2017

Sahara group's Aamby Valley resort town includes timber chalets, modern villas, golf course, hospital, school and airport, among other amenities.

Sahara's Aamby Valley Up For Auction At Over Rs 37,000 Crore Reserve Price

NDTV Profit Team | Monday August 14, 2017

The Supreme Court in April had ordered auction of Aamby Valley township after Sahara failed to deposit dues towards refund to investors.

Sahara's Aamby Valley Up For Auction At Reserve Price Of Rs 37,000 Crore

Business | Indo-Asian News Service | Monday August 14, 2017

In view of the huge quantum of properties to be disposed, the auction would be conducted in two phases spread over two days, the Official Liquidator said.

Mauritius Fund Offers Over Rs 10,700 Crore Fund For Sahara's Aamby Valley

Business | Press Trust of India | Friday August 11, 2017

The investment offer, proposed as a debt arrangement, comes at a time when the Supreme Court has ordered auction of the Aamby Valley resort town between Mumbai and Pune in Maharashtra.

In Setback For Sahara, Court Rejects Plea To Stop Aamby Valley Auction

Business | Reported by A Vaidyanathan | Thursday August 10, 2017

The Supreme Court had last month directed the Bombay High Court liquidator to start the process of selling Sahara's Aamby Valley property.

Sahara Petitions Supreme Court To Stop Aamby Valley Auction

Business | Wednesday August 9, 2017

The Supreme Court had last month directed the Bombay High Court liquidator to start the process of selling Sahara's Aamby Valley property.

Initiate Sale Of Sahara's Aamby Valley, Supreme Court Says

Business | Tuesday July 25, 2017

The Supreme Court directed the Bombay High Court liquidator to start the process of selling Sahara's Aamby Valley property.

If Rs 552 Crore Cheque Is Dishonoured, Face Action, Sahara Chief Warned

India News | Wednesday July 5, 2017

The Supreme Court had in May 2016 granted Subrata Roy four-week parole to attend his mother's funeral. His parole has been extended by the court ever since.

Evaluating Sahara Life For Take-Over: ICICI Prudential Life

Indo-Asian News Service | Wednesday July 5, 2017

Operations of Sahara India Life, a unit of Sahara Group, was taken over by Irdai on 12 June.

Income Tax Officials Slap Sahara's Aamby Valley With Rs 24,646 Crore Fine

Press Trust of India | Tuesday April 25, 2017

In a special investigation of Aamby Valley Ltd., found that an income of over Rs 48,000 crore not reflected in the record books of the firm.

Patanjali, Tata Group Interested In Sahara Properties: Report

Press Trust of India | Thursday April 20, 2017

Over 250 expressions of interest (EOIs) have been received for buying Sahara group's properties, with majority of sites having multiple EOIs, said Knight Frank.

Sahara Chief Subrata Roy Ordered To Appear Before Supreme Court On April 28

India News | Press Trust of India | Monday April 17, 2017

The Supreme Court today asked Bombay High Court's official liquidator to sell the Rs 34,000 crore worth of properties of the Aamby Valley owned by the Sahara Group and directed its chief Subrata Roy to personally appear before it on April 28.

'Enough Is Enough' Say Judges, Sahara's Aamby Valley To Be Sold: 10 Facts

Tuesday April 18, 2017

Sahara, a former main sponsor of India's national cricket team, was ordered in 2014 to deposit Rs 36,000 crore with the Supreme Court.

Big Setback For Sahara, Supreme Court Orders Auction Of Aamby Valley

Monday April 17, 2017

Besides Mr Roy, two other directors - Ravi Shankar Dubey and Ashok Roy Choudhary - were arrested for failure of the group's two companies - Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL) - to comply with the court's August 31, 2012 order to return Rs 24,000 crore to their investors.

SEBI vs Sahara India Case: Auction Aamby Valley, Says Supreme Court As Subrata Roy Fails To Pay Up

India News | Reported by A Vaidyanathan, Edited by Shuchi Shukla | Monday April 17, 2017

The Supreme Court has ordered that the Sahara's luxurious 8,900-acre Aamby Valley City near Pune be auctioned as the group's chief Subrata Roy has failed to deposit Rs 5092.6 crore with markets regulator SEBI to refund investors. The property in Lonavla is valued at Rs 39,000 crore.

Will Auction Aamby Valley If Money Not Deposited: Supreme Court Tells Sahara

Pune News | Press Trust of India | Friday April 7, 2017

The Supreme Court on Thursday said if the Sahara Group fails to deposit Rs 5092.6 crore in SEBI-Sahara refund account by April 17 in pursuance of its order, it will be "compelled" to auction its property valued at Rs 39,000 crore at Aamby Valley in Pune.

Will Auction Aamby Valley If Money Not Deposited: Supreme Court To Sahara

Press Trust of India | Thursday April 6, 2017

The observation came when the lawyer mentioned an interim plea seeking extension of time for depositing the money in the SEBI-Sahara refund account.

Will Auction Aamby Valley If Rs 5,000 Crore Not Paid: Top Court To Sahara

Press Trust of India | Tuesday March 21, 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 Orders Attachment Of Sahara's Rs 39,000-Crore Aamby Valley Project

Monday February 6, 2017

The Supreme Court said it will deal with payment of principal amount first and the interest later. The next hearing is scheduled for February 27.

Sahara's Aamby Valley Reopens After Being Sealed For Hours

India News | Written by Tejas Mehta | Tuesday March 1, 2016

Aamby Valley, the Subrata Roy-owned Sahara group's sprawling luxury township in Maharashtra's Pune district, was sealed for a few hours today by local authorities allegedly over non-payment of Rs. 5 crore as agricultural tax.

What may have led to Sahara chief Subrata Roy's arrest

India News | Sreenivasan Jain | Tuesday March 4, 2014

A controversy over land assets may have been the final trigger that led to the arrest of Subrata Roy, the head of the embattled Sahara Group, who will be produced before the Supreme Court today.

Police probe allegation about Sahara's threat to investors

Wednesday April 10, 2013

Police have begun a preliminary inquiry against the Sahara group on a complaint that the latter was intimidating investors as it was facing a refund case involving Rs 24,000 crores payment to over three crore investors.

Truth vs Hype: Did Sahara make Rs 20,000 crore 'vanish'?

India News | Sreenivasan Jain (with inputs from Miloni Bhatt and Niha Masih) | Wednesday April 10, 2013

What started off with the Supreme Court ruling as illegal an investor scheme by Sahara, has now escalated, with both the market regulator Securities and Exchange Board of India (SEBI) and, more recently, the Himachal Pradesh High Court asking the Enforcement Directorate whether there are charges of money laundering against the Lucknow-based group.