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Companies & Markets

Sebi ordered the attachment of Sahara India Real Estate Corporation (now known as Sahara Commodity Services Corporation), Subrata Roy, Ashok Roy Choudhary, Ravi Shanker Dubey and Vandana Bharrgava's bank and demat accounts in December to recover 6.42 crore

SEBI Demands $8.4 Billion From Sahara In Supreme Court petition

SEBI said that Sahara's non-compliance over eight years had caused the regulator "great inconvenience" and that those guilty of contempt should be taken into custody if they failed to deposit the amount.

Bombay HC Judges To Facilitate Auction Of Aamby Valley: SC

The Sahara Group had earlier sought 18 months to repay around Rs 9,000 crore balance of the principal amount of Rs 24,000 crore

Just Two Bidders Show Interest In Auction Of Rs 37,000 Crore Aamby Valley

Companies & Markets Sector Reports

The only possible buyers could be from China or Japan, quipped one top consultant, but added that there indeed a couple of cash rich industrialists in India who can afford such a price tag but have been so far away from real estate as a business

Subrata Roy Meets Irdai Chief On Sahara Life; ICICI Prudential

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

SC Grants Subrata Roy 10 More Days To Deposit Rs 709.82 Crore

Economy

Roy had earlier deposited two cheques of Rs 1,500 crore and Rs 552.22 crore to be paid to the Securities and Exchange Board of India on June 15 and July 15 respectively.

Supreme Court Orders Sale Of Sahara's Aamby Valley

Economy

Irked over non-submission of money, the Supreme Court has decided to sell Rs 34,000 crore worth properties of the Sahara Group at the Aamby Valley and sought Subrata Roy's presence next week when it could consider sending him back to jail

SC Asks Sahara Chief Subrata Roy To Appear Before It On April 28

The Supreme Court on Monday 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

Will Auction Aamby Valley If Rs 5,000 Crore Not Paid, Court Tells Sahara

A bench headed by Justice Dipak Misra also directed the international real estate firm, which had shown willingness to buy Sahara's stake in New York's Plaza Hotel for $550 million, to deposit Rs 750 crore in the SEBI-Sahara refund account instead of the apex court registry to show its bonafide

Supreme Court Asks Sahara To Deposit Rs 5,092 Crore To Keep Roy Out Of Jail

The judges said the group can sell 13 out of the 15 properties mentioned in one of the lists to deposit the amount

Supreme Court Orders Seizure Of Sahara's Aamby Valley Property

Companies & Markets Sector Reports Media & Entertainment

Lawyers for Sahara told the Supreme Court that they had deposited about Rs 11,000 crore with the capital markets regulator for the repayment, and owed another Rs 14,000 crore

Kolkata-Based Entrepreneur Likely To Acquire Sahara News Channels

Abid Hasan

The deal may not be a smooth one for Kaustuv Ray because of the restrictions imposed on Sahara by the Supreme Court, which is hearing a case related to Sahara chief Subrata Roy and their assets

Supreme Court Extends Sahara Chief Subrata Roy's Parole

Companies & Markets Sector Reports

Sahara has been embroiled in a battle with the Sebi, which alleges it failed to comply with a 2012 court order to repay billions of dollars to investors who put their money in a bond scheme that was later ruled to be illegal

Supreme Court Cancels Subrata Roy's Bail, Orders That He Be Sent To Jail