Subrata Roy

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 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

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.

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

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

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

Supreme Court Takes Note Of Deposit Of Rs 710.22 Crore By Sahara Chief

Press Trust of India | Wednesday July 5, 2017

Subrata Roy had earlier told the court that he will pay Rs 1,500 crore on or before June 15 and Rs 552.22 crore exactly a month thereafter.

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.

Supreme Court Extends Subrata Roy's Parole, Gives 10 Days To Deposit Rs 709.82 Crore

India News | Edited by Ipsita Sarkar | Monday June 19, 2017

The Supreme Court today extended Sahara chief Subrata Roy's parole till July 5 and also granted him 10 working days to deposit Rs 709.82 crore out of the promised Rs 1,500 crore.

Insurance Regulator Takes Over Management Of Sahara Life Insurance

Press Trust of India | Monday June 12, 2017

The regulator said it has "reasons" to believe that Sahara India Life Insurance Company "is acting in a manner likely to be prejudicial to the interest of holders of life insurance policies".

Subrata Roy Seeks Discharge From Mumbai Court In SEBI Case

Press Trust of India | Thursday May 18, 2017

Market watchdog SEBI had filed a case against Subrata Roy and two of his companies in 2012.

Sahara Extends Bid Deadline For Its 30 Properties To May 20

India News | Press Trust of India | Sunday April 30, 2017

The embattled Sahara group has extended the bidding deadline for sale of its 30 properties till May 20 as prospective buyers, which include Tatas, Godrej and Adani, have sought more time to complete due diligence.

Pay Rs 1,500 Crore Or Face Jail: Top Court Warns Sahara's Subrata Roy

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.

2,000 Crores By Cheque, No Bouncing, Top Court Warns Sahara's Subrata Roy

India News | Reported by A Vaidyanathan, Edited by Shylaja Varma | Thursday April 27, 2017

Subrata Roy, the 68-year-old chief of the Sahara conglomerate will have to return to jail if he does not deposit 1,500 crores with the Supreme Court by June 15. The Sahara chief, who was arrested in 2014 and given bail last year, was present in court and told judges that he would furnish two cheques -one in June and the other in July- totaling abou...

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.

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 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.

Big Setback For Sahara, Asked To Deposit Rs 5,092 Crore by April 7

Tuesday February 28, 2017

Sahara has also given a list of properties to the court that it wants to sell for repayment, which was agreed by the court.

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.

Pay Rs 600 Crore By February 6 To Stay Out Of Jail: Sahara's Subrata Roy Told By Supreme Court

Thursday January 12, 2017

The top court, however, permitted Sahara to transfer Rs 280 crore lying in its account in London to be transferred to Sebi.

Subrata Roy's Parole Continues, Asked To Pay Rs 600 Crore By February 6

Indo-Asian News Service | Monday November 28, 2016

Sahara Chief Subrata Roy will continue to remain on parole as Supreme Court asked him to deposit Rs 600 crore by February 6 next year as the group submitted the road map for returning Rs 11,036 crores in next two and half years.