Court to hear IT case against Subrata Roy, others on June 1

Last Updated: Wednesday, April 15, 2015, 17:22

A Delhi court Wednesday fixed June one to hear an Income Tax case in which Sahara Chief Subrata Roy, now lodged in Tihar Jail, and others have been accused of not filing returns for a group company for 2013-14 assessment year.

Sahara supports Sebi's claim to bring $13-mn to refund account

Last Updated: Monday, April 13, 2015, 10:47

Sahara has supported the regulator's claim before a US court to bring back nearly USD 13 million from sale proceeds of a business jet of the crisis-hit group.

SEBI moves US court with $12 mn claim on Sahara jet sale

Last Updated: Sunday, April 12, 2015, 18:47

In a new twist to the high profile SEBI-Sahara case, the Indian capital markets regulator has approached a US court with a USD 12-million claim on proceeds from sale of a corporate jet owned by a Sahara Group firm.

HC stays warrant for Subrata Roy's appearance in IT case

Last Updated: Friday, April 10, 2015, 13:09

The court also issued notice to the income tax department seeking their response before the next date of hearing.

Delhi HC stays warrant against Subrata Roy's in IT case

Last Updated: Friday, April 10, 2015, 12:03

The Delhi High Court on Friday stayed warrant issued by trial court against Sahara chief Subrata Roy, company's three directors for appearance in an Income Tax case.

Sebi struggles to shield savers from more Saharas

Last Updated: Thursday, April 9, 2015, 09:18

As regulators try to contain one of India`s most spectacular investment scandals, dozens of smaller but similar schemes continue to mushroom.

Rescue plan for Sahara in doubt as BBVA denies loan

Last Updated: Thursday, March 26, 2015, 10:00

Sahara told the Supreme Court this week that BBVA had agreed a 900 million-euro ($985 million) loan to Hong Kong firm Nouam Ltd.

Sahara says submissions to SC can't be subject of media trial

Last Updated: Wednesday, March 25, 2015, 20:13

Uncertainties loom large over embattled Sahara's fund raising plans even as the group today said that its proposed arrangements to raise money for release of its chief Subrata Roy cannot be subjected to public debate and speculative media trials.

Spain's BBVA denies credit line to bail Sahara chief Subrata Roy

Last Updated: Wednesday, March 25, 2015, 14:20

Subrata Roy has been held in jail for more than a year after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal.

Spanish bank BBVA denies credit exposure, relationship with Sahara Group

Last Updated: Wednesday, March 25, 2015, 13:48

Spanish bank BBVA has no credit exposure or relationship with Indian conglomerate Sahara, a bank spokesman said on Wednesday.

Court issues warrant for Subrata Roy's appearance in IT case

Last Updated: Tuesday, March 24, 2015, 19:20

A Delhi court on Tuesday issued warrant for the appearance of Sahara Chief Subrata Roy, now lodged in Tihar Jail, in an Income Tax case in which he has been accused of not filing returns for a group company for the 2013-14 assessment year.

SC gives three months time for Sahara for concluding deal

Last Updated: Monday, March 23, 2015, 16:27

Expressing "prima facie satisfaction", the Supreme Court today granted three months time to Sahara Group for selling its offshore properties for raising Rs 10,000 crore to ensure the release of its Chief Subrato Roy, who has been in jail for a year for non-refund of over Rs 20,000 crore to depositors.