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.

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 sets terms for Sahara chief Subrata Roy release from jail

Last Updated: Friday, June 19, 2015, 12:41

A bench of justices T S Thakur, A R Dave and A K Sikri while pronouncing its order said, "We have accepted the format of bank guarantees", subject to certain conditions.

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.

Supreme Court verdict on Sahara chief Subrata Roy likely today

Last Updated: Friday, June 19, 2015, 07:45

The Supreme Court is likely to pronounce, on Friday, the verdict that will decide the fate of Sahara chief Subrata Roy and two group directors who are in jail since March 4 last year for not complying with the court's order to return investors' Rs 24,000 crores that two group companies SIRECL and SHFCL had collected in 2007-08.

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.

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.

Sahara enters fray for its own Grosvenor hotel!

Last Updated: Wednesday, May 27, 2015, 14:07

In an interesting turn of events, crisis-hit Sahara has entered the fray for buying its own Grosvenor House hotel, which was put on sale by its lender Bank of China after a 'technical default'.

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.