US court issues show-cause notice to Sahara in $350-mn lawsuit

Last Updated: Monday, June 22, 2015, 19:00

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.

SC refuses to grant immediate bail to Sahara chief Subrata Roy

Last Updated: Friday, June 19, 2015, 11:01

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.

Sahara seals Rs 5,500-cr debt deal for foreign hotels: Report

Last Updated: Monday, June 8, 2015, 14:08

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 .

Sahara says avoids forced sale of Grosvenor House

Last Updated: Sunday, June 7, 2015, 20:53

"The deal restores Sahara`s ability to renegotiate the loan terms with the new lender, or with third parties," it said.

Sahara clinches $850 mn debt deal for foreign hotels: Report

Last Updated: Sunday, June 7, 2015, 20:23

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.

Sahara seals Rs 5,500 cr debt deal for foreign hotels: Report

Last Updated: Sunday, June 7, 2015, 17:55

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.

Court to hear IT case against Subrata Roy, others on July 14

Last Updated: Monday, June 1, 2015, 17:42

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.

Sahara Group says not bidding for Grosvenor House hotel

Last Updated: Thursday, May 28, 2015, 21:47

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.

HC extends stay of proceedings against Subrata Roy in IT case

Last Updated: Monday, May 25, 2015, 21:17

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.

SC delays bail decision on jailed Sahara chief Subrata Roy

Last Updated: Thursday, May 14, 2015, 19:00

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.

SC reserves order on conditions relating to Subrata Roy's bail plea

Last Updated: Thursday, May 14, 2015, 16:26

The Supreme Court on Thursday reserved order on conditions relating to Sahara Chief Subrata Roy's release from jail.

Sahara chief Subrata Roy to be released on bail today?

Last Updated: Thursday, May 14, 2015, 09:09

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.