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 ISTRescue plan for Sahara in doubt as BBVA denies loan
Sahara told the Supreme Court this week that BBVA had agreed a 900 million-euro ($985 million) loan to Hong Kong firm Nouam Ltd.
Mar 26, 2015, 10:00 AM ISTSahara says submissions to SC can't be subject of media trial
Uncertainties loom large over embattled Sahara's fund raising plans even as the group today said that its proposed arrangements to raise money for release of its chief Subrata Roy cannot be subjected to public debate and speculative media trials.
Mar 25, 2015, 20:13 PM ISTSpain's BBVA denies credit line to bail Sahara chief Subrata Roy
Subrata Roy has been held in jail for more than a year after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal.
Mar 25, 2015, 14:20 PM ISTSpanish bank BBVA denies credit exposure, relationship with Sahara Group
Spanish bank BBVA has no credit exposure or relationship with Indian conglomerate Sahara, a bank spokesman said on Wednesday.
Mar 25, 2015, 13:48 PM ISTSC gives three months time for Sahara for concluding deal
Expressing "prima facie satisfaction", the Supreme Court today granted three months time to Sahara Group for selling its offshore properties for raising Rs 10,000 crore to ensure the release of its Chief Subrato Roy, who has been in jail for a year for non-refund of over Rs 20,000 crore to depositors.
Mar 23, 2015, 16:27 PM ISTD-day for Subrata Roy as Supreme Court to decide future of Sahara Group
If it fails to raise the cash, the court could appoint a receiver to auction its assets, which include properties such as New York`s Plaza hotel and tracts of land in India.
Mar 23, 2015, 08:53 AM ISTMirach to file $400 million defamation suit against Sahara
Accusing Mirach Capital of cheating and forgery in the failed USD 2.05 billion loan arrangement, Sahara had also said last month that it has initiated legal action against the US-based firm.
Mar 17, 2015, 09:54 AM ISTSubrata Roy's brother resigns from listed Sahara group firm
Sahara Housingfina Corp promoter director Joy Broto Roy, brother of the group's jailed chief Subrata Roy, has resigned from the directorship of the company.
Mar 16, 2015, 22:08 PM ISTLast chance to Sahara to negotiate deal for Subrata Roy's release: SC
Sahara Group was Friday granted the third and last opportunity by the Supreme Court to g negotiate a deal for selling its offshore properties for raising Rs 10,000 crore to ensure the release of its Chief Subrato Roy, who has been in jail for a year for non-refund of over Rs 20,000 crore to depositors.
Mar 13, 2015, 19:31 PM ISTSahara says mulling loan refinancing to regain hotel control
Facing a possible sale of its Grosvenor House hotel in London by lenders, Sahara Tuesday said it is working on a refinancing transaction to repay the loans to Bank of China and regain control of the iconic property.
Mar 03, 2015, 22:33 PM ISTSahara's Grosvenor House put on sale; may fetch Rs 5,000 cr
In a fresh twist to crisis-hit Sahara Group's efforts to raise funds, its iconic hotel property Grosvenor House, estimated to be worth over Rs 5,000 crore, has been put on sale by lenders.
Mar 03, 2015, 17:44 PM ISTRoy fails to get early hearing on special facilities
Sahara Group's lawyer Keshav Mohan, said the application is now listed for hearing on Tuesday.
Feb 20, 2015, 20:07 PM ISTSahara moves SC for extension of facilities to Subrata Roy in jail
Supreme Court on Tuesday expressed concern over how Sahara Group would raise money to secure its chief Subrata Roy's release, as the group sought extension of facilities inside Tihar jail premises by four to six weeks to enable him negotiate deals with prospective buyers.
Feb 17, 2015, 14:11 PM ISTSahara moves SC for extension of facilities by 6 weeks to Subrata Roy
Sahara Group on Tuesday moved the Supreme Court seeking extension of facilities by six weeks given to its jailed chief Subrata Roy for striking deals with various persons.
Feb 17, 2015, 11:21 AM ISTSEBI-Sahara row: RBI moves SC to stop SIFCL from selling assets
In a fresh turn of events in the Sahara case, RBI Friday moved the Supreme Court seeking to implead itself as a party in the company's tussle with SEBI and sought to stop one of its firms from disposing off assets for securing the release of its chief Subrata Roy.
Feb 13, 2015, 20:48 PM ISTPreparing our own legal action against Sahara: Mirach Capital
In the statement, Mirach's Indian-origin CEO Saransh Sharma said: "The allegations are frivolous, and are wasting time as the February 20 deadline approaches.
Feb 13, 2015, 17:46 PM ISTPreparing legal action against Sahara: Mirach
The Subrata Roy-led Sahara group has accused Mirach of "cheating and forgery" in the failed USD 2.05 billion loan arrangement and said it has initiated legal action against the US-based firm.
Feb 13, 2015, 09:05 AM ISTSupreme Court asks Sahara to submit fresh fundraising plans
SC has asked conglomerate Sahara to submit a fresh plan for raising funds against its properties after the collapse of negotiations with a U.S.-based firm last week.
Feb 11, 2015, 17:17 PM ISTED issues Rs 3,600 cr FEMA notice to Sahara for London property
Enforcement Directorate (ED) on Friday slapped a show cause notice on Sahara group for alleged violations of foreign exchange laws to the tune of Rs 3,600 crore in connection with the purchase of a luxury property in London few years back.
Feb 06, 2015, 21:37 PM IST