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.

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.

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.

Sahara chief Subrata Roy may walk out of jail this week

Last Updated: Monday, May 11, 2015, 00:49

After more than a year at the Tihar Jail, beleaguered Sahara group founder Subrata Roy could walk out of jail this week after the company informed that Supreme Court that it was ready with a bank guarantee of Rs 5000 crore for the sumpremo's bail.

Sahara Group agrees to pay Rs 10,000 crore to ensure Subrata Roy`s bail

Last Updated: Friday, May 8, 2015, 19:02

The apex court on August 31, 2012 had said the group was required to refund Rs 24,000 crore with 15 percent interest in three months to the depositors.

Sahara agrees to pay remaining amount to ensure Subrata Roy's bail

Last Updated: Friday, May 8, 2015, 16:45

Sahara Group said that it will pay the entire bail amount by next week.

SEBI makes fresh bid to find Sahara investors for refunds

Last Updated: Sunday, May 3, 2015, 13:06

Making a fresh bid to locate Sahara investors eligible for refunds, capital markets regulator SEBI has asked the bondholders of two Sahara firms to submit their claims along with the proof of investments.