Sahara moves SC for extension of facilities to Subrata Roy in jail

Last Updated: Tuesday, February 17, 2015, 14:11

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.

Sahara moves SC for extension of facilities by 6 weeks to Subrata Roy

Last Updated: Tuesday, February 17, 2015, 11:21

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.

Supreme Court asks Sahara to submit fresh fundraising plans

Last Updated: Wednesday, February 11, 2015, 17:17

SC has asked conglomerate Sahara to submit a fresh plan for raising funds against its properties after the collapse of negotiations with a U.S.-based firm last week.

Investment vehicle eyes flagship Sahara hotels in $2 bn bailout for Subrata Roy

Last Updated: Tuesday, January 20, 2015, 15:20

An investment vehicle expects to ultimately take control of landmark hotel assets like New York`s Plaza after the conglomerate fails to repay lenders.

Land deal: M3M pays Rs 300-cr installment to Sahara group

Last Updated: Tuesday, January 13, 2015, 21:17

Realty firm M3M India today said it has paid Rs 300 crore as installment to Sahara group as part of the deal to buy 185 acres of land in Gurgaon for Rs 1,211 crore.

Money from abroad to Sahara group only after RBI accord: SC

Last Updated: Wednesday, December 17, 2014, 19:17

The Supreme Court Wednesday said that the money likely to be arranged by Sahara Group from overseas to raise Rs 10,000 crore for the release of its jailed chief Subrato Roy would come into the country only after necessary clearances by RBI.

Subrata Roy to spend new year in Jail as court defers verdict till Jan 9

Last Updated: Wednesday, December 17, 2014, 16:24

Sahara Chairman Subrata Roy has been held in a New Delhi jail for more than nine months now.

EU says working to keep Greece 'firmly' in the eurozone

Last Updated: Monday, December 15, 2014, 19:02

The EU said Monday its sole aim for Greece is to keep the twice-bailed out country firmly in the eurozone, as Athens battles hostile financial markets spooked by the possibility of early elections.

SC permits Sahara to sell 4 properties worth over Rs 2700 cr

Last Updated: Tuesday, December 2, 2014, 20:51

The Supreme Court Tuesday permitted the Sahara Group to proceed with the sale of four domestic properties, which is likely to fetch Rs 2,710 crore, in its bid to raise Rs 10,000 crore for the release of its jailed chief Subrato Roy.

Sahara's fresh plea in SC for Subrato Roy's release

Last Updated: Friday, November 28, 2014, 21:02

Sahara Group on Friday came out another plea for the release of its jailed chief Subrato Roy before the Supreme Court which asked those involved in the negotiation processes for sale of its three offshore hotels to prove their bona fide in raising the money to get him out.

Sahara offers to pay Rs 10,000 crore as bail condition set by SC

Last Updated: Friday, November 28, 2014, 16:30

The SC also asked Sahara as to why it has not paid the amount till date despite the fact that close to Rs 140 crore has been obtained by the group.

Hearing on Tanvir Jafri`s anticipatory bail plea adjourned

Last Updated: Wednesday, January 29, 2014, 23:24

The sessions court here on Wednesday adjourned to February 7 the hearing on anticipatory bail application of Tanvir Jafri, son of Zakia Jafri, in the criminal case lodged against him, activist Teesta Setalvad and her husband Javed Anand and others.