Supreme Court Exempts Sahara Chief From Personal Appearance In Investor Frauds Case
India News | Press Trust of India | Friday January 24, 2020
The Supreme Court on Friday exempted Sahara group chief Subrata Roy and two other directors from personal appearance till "further orders" in a case related to their alleged failure in depositing Rs 25,700 crore in the SEBI-Sahara account for returning investors' money.
Sahara Chief Subrata Roy Summoned By Supreme Court Over Unpaid Dues
India News | Press Trust of India | Thursday January 31, 2019
The Supreme Court on Thursday directed Sahara group chief Subrata Roy to appear before it on February 28 for failing to deposit Rs 25,700 crore in the SEBI-Sahara case for returning investors' money.
Sahara Petitions Supreme Court To Stop Aamby Valley Auction
Business | Reported by A Vaidyanathan | 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.
Pay Rs 1,500 Crore Or Face Jail: Top Court Warns Sahara's Subrata Roy
Business | Press Trust of India | Thursday April 27, 2017
The Sahara chief gave an undertaking to a bench headed by Justice Dipak Misra that he would deposit Rs 1,500 crore by June 15 and another payment of Rs 552.22 crore by July 15 in the Sebi-Sahara account and filed an affidavit.
Big Setback For Sahara, Supreme Court Orders Auction Of Aamby Valley
Business | Edited by Surajit Dasgupta | 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.
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
Business | 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.
Supreme Court Orders Attachment Of Sahara's Rs 39,000-Crore Aamby Valley Project
Business | Reported by A Vaidyanathan | 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.
Ready With Roadmap To Deposit Rs 12,000 Crore By December 2018: Sahara
Business | Press Trust of India | Friday October 21, 2016
Senior advocate Kapil Sibal said the group was ready with Rs 15 crore and the remaining amount of Rs 185 crore would be deposited by the next date of hearing.
Auction For Sahara Land Parcels Begins
Business | Press Trust of India | Tuesday July 5, 2016
An e-auction began on Monday for sale of land parcels belonging to the beleaguered Sahara group for recovery of funds by the Securities and Exchange Board of India (Sebi), amid concerns that sluggish market conditions might make it hard to attract buyers.
Sebi's Sahara Coffer Swells To Rs 11,727 Crore; Refunds At Rs 55 Crore
Business | Press Trust of India | Sunday June 12, 2016
As it gears up to auction Sahara properties worth thousands of crores to recover further funds, the Securities and Exchange Board of India's Sahara Refund Account has swollen to Rs 11,727 crore with interest but it has been able to refund just about Rs 55 crore so far to the investors.
Supreme Court Extends Sahara Chief Subrata Roy's Parole
Business | Press Trust of India | Wednesday May 11, 2016
In a breather for Sahara chief Subrata Roy, the Supreme Court on Wednesday extended his parole till July 11 to enable him to deposit Rs 200 crore with market regulator Securities and Exchange Board of India (Sebi).
Sebi Ropes In HDFC Realty, SBI Cap For Sahara Asset Sale: Report
Business | Press Trust of India | Tuesday April 26, 2016
Tasked with a massive job of selling certain unencumbered properties of the beleaguered Sahara group, market regulator Securities and Exchange Board of India (Sebi) is believed to have roped in HDFC Realty and SBI Capital to help in the sale process.
Realty Firm M3M Completes Rs 1,211-Crore Deal With Sahara
Business | Press Trust of India | Wednesday April 13, 2016
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.
Weeks Before Being Jailed, Sahara Chief Subrata Roy Wanted To Go Abroad: Report
Business | Press Trust of India | Sunday April 10, 2016
Weeks before being sent to jail by the Supreme Court, the embattled Sahara Group chief Subrata Roy wanted to go abroad for "business discussions" with former US President Bill Clinton and former UK Prime Minister Tony Blair, markets regulator Sebi's lawyer, Arvind Datar, has said.
Supreme Court Exempts Sahara Chief From Personal Appearance In Investor Frauds Case
India News | Press Trust of India | Friday January 24, 2020
The Supreme Court on Friday exempted Sahara group chief Subrata Roy and two other directors from personal appearance till "further orders" in a case related to their alleged failure in depositing Rs 25,700 crore in the SEBI-Sahara account for returning investors' money.
Sahara Chief Subrata Roy Summoned By Supreme Court Over Unpaid Dues
India News | Press Trust of India | Thursday January 31, 2019
The Supreme Court on Thursday directed Sahara group chief Subrata Roy to appear before it on February 28 for failing to deposit Rs 25,700 crore in the SEBI-Sahara case for returning investors' money.
Sahara Petitions Supreme Court To Stop Aamby Valley Auction
Business | Reported by A Vaidyanathan | 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.
Pay Rs 1,500 Crore Or Face Jail: Top Court Warns Sahara's Subrata Roy
Business | Press Trust of India | Thursday April 27, 2017
The Sahara chief gave an undertaking to a bench headed by Justice Dipak Misra that he would deposit Rs 1,500 crore by June 15 and another payment of Rs 552.22 crore by July 15 in the Sebi-Sahara account and filed an affidavit.
Big Setback For Sahara, Supreme Court Orders Auction Of Aamby Valley
Business | Edited by Surajit Dasgupta | 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.
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
Business | 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.
Supreme Court Orders Attachment Of Sahara's Rs 39,000-Crore Aamby Valley Project
Business | Reported by A Vaidyanathan | 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.
Ready With Roadmap To Deposit Rs 12,000 Crore By December 2018: Sahara
Business | Press Trust of India | Friday October 21, 2016
Senior advocate Kapil Sibal said the group was ready with Rs 15 crore and the remaining amount of Rs 185 crore would be deposited by the next date of hearing.
Auction For Sahara Land Parcels Begins
Business | Press Trust of India | Tuesday July 5, 2016
An e-auction began on Monday for sale of land parcels belonging to the beleaguered Sahara group for recovery of funds by the Securities and Exchange Board of India (Sebi), amid concerns that sluggish market conditions might make it hard to attract buyers.
Sebi's Sahara Coffer Swells To Rs 11,727 Crore; Refunds At Rs 55 Crore
Business | Press Trust of India | Sunday June 12, 2016
As it gears up to auction Sahara properties worth thousands of crores to recover further funds, the Securities and Exchange Board of India's Sahara Refund Account has swollen to Rs 11,727 crore with interest but it has been able to refund just about Rs 55 crore so far to the investors.
Supreme Court Extends Sahara Chief Subrata Roy's Parole
Business | Press Trust of India | Wednesday May 11, 2016
In a breather for Sahara chief Subrata Roy, the Supreme Court on Wednesday extended his parole till July 11 to enable him to deposit Rs 200 crore with market regulator Securities and Exchange Board of India (Sebi).
Sebi Ropes In HDFC Realty, SBI Cap For Sahara Asset Sale: Report
Business | Press Trust of India | Tuesday April 26, 2016
Tasked with a massive job of selling certain unencumbered properties of the beleaguered Sahara group, market regulator Securities and Exchange Board of India (Sebi) is believed to have roped in HDFC Realty and SBI Capital to help in the sale process.
Realty Firm M3M Completes Rs 1,211-Crore Deal With Sahara
Business | Press Trust of India | Wednesday April 13, 2016
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.
Weeks Before Being Jailed, Sahara Chief Subrata Roy Wanted To Go Abroad: Report
Business | Press Trust of India | Sunday April 10, 2016
Weeks before being sent to jail by the Supreme Court, the embattled Sahara Group chief Subrata Roy wanted to go abroad for "business discussions" with former US President Bill Clinton and former UK Prime Minister Tony Blair, markets regulator Sebi's lawyer, Arvind Datar, has said.
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