Sahara India Real Estate Corporation

Markets regulator Sebi on Tuesday said it has recovered pending dues worth Rs 6.57 crore from Sahara India Real Estate Corporation, its chief Subrata Roy, and others in the case pertaining to flouting norms in issuance of optionally fully convertible debentures.

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.

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.

Realty firm M3M India Ltd on Wednesday said it has paid the last instalment of over Rs 700 crore to Sahara group, thereby completing the deal to acquire 185 acres of land in Gurgaon for Rs 1,211 crore.

The Supreme Court has asked market regulator Sebi (Securities and Exchange Board of India) to start the process of selling some of embattled conglomerate Sahara's real estate assets in the country to refund millions of investors in its illegal bonds, lawyers said on Tuesday.

The Supreme Court on Tuesday directed Securities and Exchange Board of India (Sebi) to sell Sahara Group properties whose title deeds are lying with the capital market regulator.

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.

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.

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.

Shares of Sahara Housingfina Corporation today fell over three per cent as Sahara Group chief Subrata Roy, who was arrested on Friday, appeared in the Supreme Court.

Citing the apex court order in Sahara case, Sebi has passed orders against at least five companies and 21 individuals charged with collecting thousands of crores fraudulently through issuance of bond instruments like OFCDs, RPSs, CPSs and art funds.

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.

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.

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

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).

Markets regulator Sebi on Tuesday said it has recovered pending dues worth Rs 6.57 crore from Sahara India Real Estate Corporation, its chief Subrata Roy, and others in the case pertaining to flouting norms in issuance of optionally fully convertible debentures.

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.

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.

Realty firm M3M India Ltd on Wednesday said it has paid the last instalment of over Rs 700 crore to Sahara group, thereby completing the deal to acquire 185 acres of land in Gurgaon for Rs 1,211 crore.

The Supreme Court has asked market regulator Sebi (Securities and Exchange Board of India) to start the process of selling some of embattled conglomerate Sahara's real estate assets in the country to refund millions of investors in its illegal bonds, lawyers said on Tuesday.

The Supreme Court on Tuesday directed Securities and Exchange Board of India (Sebi) to sell Sahara Group properties whose title deeds are lying with the capital market regulator.

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.

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.

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.

Shares of Sahara Housingfina Corporation today fell over three per cent as Sahara Group chief Subrata Roy, who was arrested on Friday, appeared in the Supreme Court.

Citing the apex court order in Sahara case, Sebi has passed orders against at least five companies and 21 individuals charged with collecting thousands of crores fraudulently through issuance of bond instruments like OFCDs, RPSs, CPSs and art funds.

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.

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.

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

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).