Fresh trouble for Sahara Group; SC seeks reply on I-T return notice

Last Updated: Friday, September 4, 2015, 14:02

In what could spell fresh trouble for Sahara chief Subrata Roy, the Supreme Court has asked the company to reply to the notice sent by Income Tax department.

Supreme Court extends facilities to Subrata Roy in jail

Last Updated: Monday, August 17, 2015, 23:46

The Supreme Court on Monday extended till September 30 the special facilities given to Sahara chief Subrata Roy to facilitate communication for negotiating transactions to raise money to pay market regulator Securities and Exchange Board of India.

Not selling overseas properties: Sahara to Surpreme Court

Last Updated: Monday, August 17, 2015, 21:06

Sahara Group Monday told the Supreme Court that it was not selling its three overseas hotels, Grosvenor House Hotel in London, the New York Plaza and Dream New York hotels and alleged that some entities are "looking to grab these properties".

Lalit Modi to help fund Sahara chief Subrata Roy's release from jail?

Last Updated: Monday, August 17, 2015, 17:05

In what could come as a relief to Sahara chief Subrata Roy, Indian Premier League founder Lalit Modi has decided to step in to help the company and arrange sale of Sahara properties.

Rewrite 'poorly-drafted' Companies Act: ICICI Bank Chairman

Last Updated: Wednesday, August 5, 2015, 19:34

In a strong criticism of the "poorly- drafted" Companies Act, ICICI Bank's newly appointed Chairman M K Sharma has said that tightening of norms has made it a "curse" to be a promoter and everyone is being made to pay because of a few cases like Satyam and Sahara.

Supreme Court to consider auctioning off Sahara properties

Last Updated: Monday, August 3, 2015, 23:53

The Supreme Court on Monday asked the Securities and Exchange Board of India (SEBI) to submit an application by September 14 seeking its approval to appoint a receiver to auction conglomerate Sahara`s assets and refund investors in the troubled group`s illegal bonds.

You are in jail by choice: SC to Sahara chief Subrata Roy

Last Updated: Monday, August 3, 2015, 21:05

Jailed Sahara Group chief Subrata Roy's plea for his release on humanitarian grounds Monday evoked a sharp reaction from the Supreme Court which said "you are in jail by choice".

SEBI cancels Sahara's mutual fund licence

Last Updated: Tuesday, July 28, 2015, 19:21

Sebi also directed Sahara Mutual Fund and Sahara Asset Management Company to stop accepting subscription from its existing or new investors with immediate effect.

In Sahara case, Buffett and Bernie Madoff are examples!

Last Updated: Sunday, July 19, 2015, 14:54

Sahara, on its part, has told court that it has been wrongly dragged into the dispute between two entities over "a potential business relationship gone sour".

Sahara asks US court to reject attachment plea for hotels

Last Updated: Sunday, July 12, 2015, 15:46

Slapped with a USD 350 million lawsuit seeking attachment of its two prized hotels here, crisis-ridden Sahara has told a US court here that it has been wrongly dragged into a dispute between two entities over "a potential business relationship gone sour".

Sale of Sahara's asset; SC asks realty firms to show bonafides

Last Updated: Tuesday, July 7, 2015, 20:48

The Supreme Court on Tuesday asked two real estate firms engaged in a tug of war over purchasing Sahara Group's over 140 acre land properties in Gorakhpur in Uttar Pradesh

Sahara Group says will defend lawsuit on US hotels sale

Last Updated: Thursday, June 25, 2015, 19:43

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.