EK HI 'SAHARA': A Giant-Sized Figure Who At One Time Grew To Become One Of The Most Powerful Indians But Ended Up Losing All His Fame
Tale Of Subrata Roy, 'Mr. Sahara': You have probably heard Subrata Roy's tale of seemingly rags to riches many times. Roy began with a meager sum of Rs. 2,000 in 1978 and quickly rose to new heights. A larger-than-life figure, Subrata Roy, was in charge of Sahara. As the second-largest employer in India, Roy played a key role in the development of one of the most powerful economic empires. When the allegations of Sahara fund mismanagement, worth Rs. 24,000 crore, were revealed, all of his fame was lost. A jury sent Subrata Roy to judicial custody in Tihar Jail. In 2017, he was released on parole.
Aug 08, 2023, 12:34 PM IST
Sebi Recovers Pending Dues Worth Rs 6.57 Crore from Sahara Group Firms
The recovery proceedings were initiated against these entities after they failed to pay the Rs 6 crore fine imposed on them by Sebi in June 2022.
Mar 28, 2023, 18:39 PM IST
SC sets aside Delhi HC order staying investigation into companies related to Sahara Group
"High Court was not correct in staying the investigation at the interim stage. We allow the appeals and set aside the High Court order on stay," the Court said.
May 26, 2022, 14:47 PM IST
SC sets aside HC order staying SFIO probe into 9 companies related to Sahara group
A vacation bench of justices D Y Chandrachud and Bela M Trivedi allowed the appeal filed by the SFIO against the high court order.
May 26, 2022, 12:44 PM IST
SC directs Sahara chief Subrata Roy to appear before it on February 28
Roy has failed to deposit Rs 25,700 crore in the SEBI-Sahara case for returning investors' money.
Jan 31, 2019, 16:09 PM IST
Force India name disappears from Formula One as FIA releases 2019 entry list
The team, who became Force India in 2008 after Indian beer baron Vijay Mallya bought Spyker F1, were taken over in August by Canadian billionaire Lawrence Stroll after going into administration.
Dec 01, 2018, 07:44 AM IST
Sahara SEBI Case: Aamby valley auction fails to get bids; two buyers offer to buy properties
Subrata Roy-led group managed to bail out of its elite ownership by informing the SC that two firms are willing to pay Rs 1,000 crore for its properties at Vasai in Mumbai.
Jul 12, 2018, 17:20 PM IST
SC allows Sahara Group to sell properties in any parcel of Aamby Valley before May 15
The proceeds from the sale will have to be deposited in SEBI-Sahara refund account.
Apr 19, 2018, 16:43 PM IST
Tough to maintain Sahara Group's Aamby Valley: Official receiver tells Supreme Court
Subrata Roy, who has spent almost two years in jail, has been on parole since May 6 last year.
Jan 05, 2018, 22:04 PM IST
SC asks Bombay HC Receiver to auction Sahara's Aamby Valley
SC also directed the official liquidator, who has been entrusted with the task of conducting the auction, to take instructions from the company judge or the Bombay High Court.
Nov 23, 2017, 16:48 PM IST
Hand over Aamby Valley to receiver within 48 hours: SC to Sahara
SEBI also said the letter was also sent to the additional chief secretary and no bidder was coming forward to bid for the property as the police, while taking note of the letter, has taken its custody.
Oct 12, 2017, 16:51 PM IST
Just two potential bidders for Rs 37k crore Aamby Valley auction
The auction process has been initiated even as a Mauritius-based investor, Royale Partners Investment Fund, has signed a pact with Sahara offering to invest USD 1.67 billion (over Rs 10,700 crore) in the Aamby Valley project.
Sep 17, 2017, 18:19 PM IST
SC rejects Sahara's plea for lifting attachment, stopping auction of Aamby Valley
The Supreme Court on Monday rejected a plea by Sahara Group urging it to lift attachment of its Aamby Vally project and permit it to enter into agreement with Royal Partners Investment Fund for selling it 26 per cent stakes in it for $1.6 billion.
Sep 11, 2017, 22:39 PM IST
Setback for Subrata Roy: Sahara's Aamby Valley up for auction at Rs 37,392 crore reserve price
The Official Liquidator (OL) for the Aamby Valley City in Lonavala has put up a reserve price of Rs 37,392 crore, as part of efforts to partially recover the pending dues to various lenders.
Aug 14, 2017, 10:29 AM IST
Mauritius fund offers $1.67 billion fund for Sahara's Aamby Valley
The investment offer, proposed as a debt arrangement, comes at a time when the Supreme Court has ordered auction of the Aamby Valley resort town between Mumbai and Pune in Maharashtra. Sahara group pegs the market valuation of this project at over Rs 1 lakh crore.
Aug 11, 2017, 19:23 PM IST
Sahara to challenge IRDAI order on life insurance biz transfer to ICICI Prudential
Embattled Sahara group on Sunday said it will approach court of law against IRDAI order directing transfer of its life insurance business to ICICI Prudential and alleged that the insurance regulator has "wrongly concluded" that the promoter was no more 'fit and proper' and a sum of Rs 78 crore was siphoned.
Jul 30, 2017, 17:50 PM IST
SC asks Sahara chief to deposit Rs 1,500 crore by September 7
The Supreme Court on Tuesday directed Sahara group chief Subrata Roy to deposit Rs 1,500 crore in the SEBI-Sahara refund account by September seven.
Jul 25, 2017, 17:47 PM IST
Supreme Court to hear Sahara-SEBI refund dispute on Thursday
In its previous hearing, the apex court gave 15-days time to Roy to deposit Rs. 552 crore in connection with the case.
Jul 20, 2017, 11:24 AM IST
ICICI Prudential keen to buy Sahara Life Insurance
ICICI Prudential Life has evinced interest to acquire troubled Sahara Group's life insurance arm Sahara Life, which has policyholder liability of Rs 900 crore.
Jul 05, 2017, 12:31 PM IST
Sahara Group firm to pay Rs 1.43 crore to home buyer for delay
A Sahara Group company has been directed by the apex consumer body to refund over Rs 1.43 crore to a home buyer for its failure to give possession of a bungalow in one of its housing projects near Nagpur.
Jun 06, 2017, 13:12 PM IST
