Sahara Housing Investment Corporation

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

  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.

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  Sebi Makes Fresh Bid to Find Sahara Investors for Refunds

  Making a fresh bid to locate Sahara investors eligible for refunds, the Securities and Exchange Board of India (Sebi) has asked the bondholders of two Sahara firms to submit their claims along with the proof of investments.

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  Sebi Makes Fresh Bid to Find Sahara Investors

  In a fresh effort to locate Sahara investors eligible for refunds, the Securities and Exchange Board of India (Sebi) has asked bondholders to submit their claims by next month along with necessary proof of their investments.

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  Sebi Makes Fresh Bid to Find Sahara Investors; Sets Deadline

  Those having invested in various bonds issued by two Sahara firms, Sahara India Real Estate Corp Ltd (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL) have been asked by Sebi to submit their refund applications along with necessary documentary proof by September 30, 2014.

• Supreme Court raises question on Sahara firms transacting crores in cash

  The Supreme Court on Tuesday raised question on how Sahara transacted thousands of crores in cash with its sister firms for purportedly refunding Rs 20,000 crore to its investors after market regulator Securities and Exchange Board of India (Sebi) alleged that no bank statement was furnished by the group to show the money trail.

• Sahara group lines up Rs 32,400-crore investment, 56,000 new jobs

  The Sahara group, whose legal battle with market watchdog Securities and Exchange Board of India (Sebi) continues in the Supreme Court over refund of over Rs 20,000 crore to investors, has made a surprise announcement of plans being afoot to hire over 56,000 new employees this year along with investments to the tune of nearly Rs 32,400 crore.

• Tribunal removes Sahara appeals from pending list

  The Securities Appellatte Tribunal (SAT) on Wednesday disposed of four appeals by Sahara group entities and the group's chief, Subrata Roy.

• Sahara approaches tribunal with fresh appeal against Sebi: report

  Sahara group has approached the Securities Appellate Tribunal (SAT) with a fresh appeal against the Securities and Exchange Board of India (Sebi), challenging penalty proceedings initiated by the market regulator against Sahara India Real Estate Corporation Ltd (SIRECL).

• Supreme Court bars Sahara chief from leaving country: top 10 facts

  The Supreme Court on Thursday restrained Sahara Group chief Subrata Roy from leaving the country. The top court also barred the group from selling any of its properties. The development comes in the wake of market regulator Securities and Exchange Board of India (Sebi) on Wednesday telling the Supreme Court that Sahara had overvalued its properties...

• Cannot be tried for contempt to ensure compliance of orders: Sahara to SC

  Two Sahara Group firms and their chief Subrata Roy, facing contempt proceedings for alleged non-refund of around Rs 24,000 crores to investors, told the Supreme Court on Monday that contempt proceedings cannot be started for ensuring compliance of the orders in a financial matter like this.

• Sahara refunded investors' money 'difficult' to believe: Supreme Court

  The Supreme Court said on Tuesday that it is "extremely difficult" to believe Sahara group's contention that it had refunded Rs 22,000 crore to its investors even before an order was passed directing its firm to deposit Rs 24,000 with market regulator Securities and Exchange Board of India (Sebi).

• Subrata Roy not liable for refunding Rs 24,000 crore: Sahara to Supreme Court

  Sahara group has told the Supreme Court that its chief, Subrata Roy, is not liable for refunding Rs 24,000 crore collected by its two firms from investors, countering the arguments of market regulator Securities and Exchange Board of India (Sebi), which wanted his passport to be impounded till the contempt plea against him and companies, is decided...

• Sebi to align private placement norms with Companies Bill

  The government has asked Securities and Exchange Board of India (Sebi) to set up a committee to look into compatibility of market watchdog's regulations for private placement of securities with the proposed measures in this regard in the new Companies Bill.

• Sebi to ask Sahara about unverified investors

  The Supreme Court had asked the two Sahara firms -- Sahara India Real Estate Corp Ltd (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL) -- to refund through Sebi more than Rs 24,000 crore to the bondholders with interest.

• Sebi flooded with Sahara refund claims: report

  In the high-profile Sahara case involving refund of over Rs 24,000 crore to investors, market regulator Securities and Exchange Board of India (Sebi) has got a new problem at hand - that is handling the huge volumes of refund claims with majority of them being without necessary documents and details.