Sahara Group

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

Rescue 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 IST

Sahara 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 IST

Spain'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 IST

Spanish 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 IST

SC 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 IST

D-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 IST

Mirach 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 IST

Subrata 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 IST

Last 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 IST

Sahara 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 IST

Sahara'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 IST

Roy 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 IST

Sahara 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 IST

Sahara 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 IST

SEBI-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 IST