Subrata Roy

Sahara's Aamby Valley To Be Auctioned In Parts, Says Supreme Court

Business | A Vaidyanathan | Wednesday February 7, 2018

There were no takers for the purchase of the entire township, said the official liquidator of Sahara's project.

Sahara Gets Relief, Fresh Hearing Ordered On Transfer Of Insurance Unit

Business | Press Trust of India | Thursday January 11, 2018

Irdai on July 28, 2017 had ordered the transfer of the life insurance portfolio of Sahara India Life to ICICI Prudential Life with a view to protect the interests of policyholders of the embattled life insurer.

Subrata Roy Wants To Sell Plaza Hotel Stake; Secret Backer Is Qatari Royal

India News | Miles Weiss, Bloomberg | Wednesday November 15, 2017

Billionaire Saudi Prince Alwaleed bin Talal has long been associated with New York's iconic Plaza Hotel, ever since he bought out Donald Trump over two decades ago.

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

Business | 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 Hires Broker To Sell Iconic Plaza Hotel In New York

Business | Hui-yong Yu, Tom Metcalf, Bloomberg | Wednesday August 23, 2017

The sales process comes after Ashkenazy Acquisition Corp. acquired a stake in the hotel, giving it certain rights to buy the property, according to a person with knowledge of the situation.

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

Business | 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

Business | 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.

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.

IRDAI Asks ICICI Prudential To Take Over Sahara's Insurance Business

Business | Press Trust of India | Saturday July 29, 2017

Sahara group chairman Subrata Roy had met Irdai chairman to seek more time to resolve the crisis at his life insurance arm on July 24.

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.

Subrata Roy Seeks More Time To Resolve Crisis At Sahara's Life Insurance Unit

Business | Press Trust of India | Monday July 24, 2017

Last month, the Irdai appointed an administrator to run the crippled Lucknow-based Sahara Life due to governance-related issues