Sahara Group says will defend lawsuit on US hotels sale
Facing a lawsuit in the US over sale of its overseas hotels, crisis-ridden Sahara Thursday said it was a "private dispute" between two parties unrelated to it and the group will "vigorously" defend its position.
Jun 25, 2015, 19:43 PM IST
US court issues show-cause notice to Sahara in $350-mn lawsuit
In fresh troubles for Sahara, a US court has issued show-cause notice to the group in connection with a USD 350 million lawsuit seeking attachment of its two prized hotel assets here -- Plaza and Dream Downtown.
Jun 22, 2015, 19:00 PM IST
SC refuses to grant immediate bail to Sahara chief Subrata Roy
Sahara has to pay Rs 3,000 crore in nine installments post Roy's release. The Supreme Court has allowed Roy to use jail office for six weeks.
Jun 19, 2015, 11:01 AM IST
Sahara seals Rs 5,500-cr debt deal for foreign hotels: Report
In a major deal for Saharas, billionaire brothers David and Simon Reuben have acquired control of the crisis-hit Indian group's iconic Grosvenor House hotel here and the two US properties -- Plaza and Dream Downtown -- in a USD 850 million (Rs 5,500 crore) debt refinance deal, a media report said .
Jun 08, 2015, 14:08 PM IST
Sahara says avoids forced sale of Grosvenor House
"The deal restores Sahara`s ability to renegotiate the loan terms with the new lender, or with third parties," it said.
Jun 07, 2015, 20:53 PM IST
Sahara clinches $850 mn debt deal for foreign hotels: Report
In a relief for the crisis-hit Sahara Group, the Indian company has sealed the sale of its Grosvenor House hotel here and two US properties -- Plaza and Dream Downtown -- in a $850 million debt refinance deal, a local media report said on Sunday.
Jun 07, 2015, 20:23 PM IST
Sahara seals Rs 5,500 cr debt deal for foreign hotels: Report
Saharas' refinancing arrangements involved getting a fresh loan for the three properties. A part of the proceeds would be given to Bank of China for release of Grosvenor House from "administration", while the remainder could be deposited with Sebi to secure release of Roy and two other top officials from Tihar Jail.
Jun 07, 2015, 17:55 PM IST
Court to hear IT case against Subrata Roy, others on July 14
A Delhi court Monday fixed for next month the proceedings in an Income Tax case in which Sahara chief Subrata Roy, now lodged in Tihar Jail here, and others have been accused of not filing returns for a group company for 2013-14 assessment year.
Jun 01, 2015, 17:42 PM IST
Sahara Group says not bidding for Grosvenor House hotel
With its prized property, Grosvenor House, put on sale by lender Bank of China for a loan 'default', crisis-hit Sahara group Thursday said it is not participating in any re-auctioning of the London hotel.
May 28, 2015, 21:47 PM IST
HC extends stay of proceedings against Subrata Roy in IT case
The Delhi High court Monday extended till July 2 the trial court proceedings against Sahara Chief Subrata Roy, now lodged in Tihar Jail, in an Income Tax case for allegedly not filing returns for a group company for the assessment year 2013-14.
May 25, 2015, 21:17 PM IST
SC delays bail decision on jailed Sahara chief Subrata Roy
The Supreme Court Thursday reserved its order on various aspects relating to release of Sahara Chief Subrato Roy from jail saying it would decide how more money has to be paid and as to when SEBI may encash the bank guarantee in future.
May 14, 2015, 19:00 PM IST
SC reserves order on conditions relating to Subrata Roy's bail plea
The Supreme Court on Thursday reserved order on conditions relating to Sahara Chief Subrata Roy's release from jail.
May 14, 2015, 16:26 PM IST
Sahara chief Subrata Roy to be released on bail today?
Last week Sahara Group had informed the SC that it was ready to comply with the court's order of paying Rs 10,000 crore for Roy's bail including a bank guarantee of Rs 5000 crore.
May 14, 2015, 09:09 AM IST
Sahara chief Subrata Roy may walk out of jail this week
After more than a year at the Tihar Jail, beleaguered Sahara group founder Subrata Roy could walk out of jail this week after the company informed that Supreme Court that it was ready with a bank guarantee of Rs 5000 crore for the sumpremo's bail.
May 11, 2015, 00:49 AM IST
Sahara Group agrees to pay Rs 10,000 crore to ensure Subrata Roy`s bail
The apex court on August 31, 2012 had said the group was required to refund Rs 24,000 crore with 15 percent interest in three months to the depositors.
May 08, 2015, 19:02 PM IST
Sahara agrees to pay remaining amount to ensure Subrata Roy's bail
Sahara Group said that it will pay the entire bail amount by next week.
May 08, 2015, 16:45 PM IST
SEBI makes fresh bid to find Sahara investors for refunds
Making a fresh bid to locate Sahara investors eligible for refunds, capital markets regulator SEBI has asked the bondholders of two Sahara firms to submit their claims along with the proof of investments.
May 03, 2015, 13:06 PM IST
Court to hear IT case against Subrata Roy, others on June 1
A Delhi court Wednesday fixed June one to hear an Income Tax case in which Sahara Chief Subrata Roy, now lodged in Tihar Jail, and others have been accused of not filing returns for a group company for 2013-14 assessment year.
Apr 15, 2015, 17:22 PM IST
Sahara supports Sebi's claim to bring $13-mn to refund account
Sahara has supported the regulator's claim before a US court to bring back nearly USD 13 million from sale proceeds of a business jet of the crisis-hit group.
Apr 13, 2015, 10:47 AM IST
SEBI moves US court with $12 mn claim on Sahara jet sale
In a new twist to the high profile SEBI-Sahara case, the Indian capital markets regulator has approached a US court with a USD 12-million claim on proceeds from sale of a corporate jet owned by a Sahara Group firm.
Apr 12, 2015, 18:47 PM IST
