sahara-group - Latest News on sahara-group | Read Breaking News on Zee News

D-day for Subrata Roy as Supreme Court to decide future of Sahara Group

Last Updated: Monday, March 23, 2015, 08:53

If it fails to raise the cash, the court could appoint a receiver to auction its assets, which include properties such as New York`s Plaza hotel and tracts of land in India.

Mirach to file $400 million defamation suit against Sahara

Last Updated: Tuesday, March 17, 2015, 09:54

Accusing Mirach Capital of cheating and forgery in the failed USD 2.05 billion loan arrangement, Sahara had also said last month that it has initiated legal action against the US-based firm.

Subrata Roy's brother resigns from listed Sahara group firm

Last Updated: Monday, March 16, 2015, 22:08

Sahara Housingfina Corp promoter director Joy Broto Roy, brother of the group's jailed chief Subrata Roy, has resigned from the directorship of the company.

Last chance to Sahara to negotiate deal for Subrata Roy's release: SC

Last Updated: Friday, March 13, 2015, 19:31

Sahara Group was Friday granted the third and last opportunity by the Supreme Court to g negotiate a deal 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.

Sahara says mulling loan refinancing to regain hotel control

Last Updated: Tuesday, March 3, 2015, 22:33

Facing a possible sale of its Grosvenor House hotel in London by lenders, Sahara Tuesday said it is working on a refinancing transaction to repay the loans to Bank of China and regain control of the iconic property.

Sahara's Grosvenor House put on sale; may fetch Rs 5,000 cr

Last Updated: Tuesday, March 3, 2015, 17:44

In a fresh twist to crisis-hit Sahara Group's efforts to raise funds, its iconic hotel property Grosvenor House, estimated to be worth over Rs 5,000 crore, has been put on sale by lenders.

Roy fails to get early hearing on special facilities

Last Updated: Friday, February 20, 2015, 20:07

Sahara Group's lawyer Keshav Mohan, said the application is now listed for hearing on Tuesday.

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.

SEBI-Sahara row: RBI moves SC to stop SIFCL from selling assets

Last Updated: Friday, February 13, 2015, 20:48

In a fresh turn of events in the Sahara case, RBI Friday moved the Supreme Court seeking to implead itself as a party in the company's tussle with SEBI and sought to stop one of its firms from disposing off assets for securing the release of its chief Subrata Roy.

Preparing our own legal action against Sahara: Mirach Capital

Last Updated: Friday, February 13, 2015, 17:46

In the statement, Mirach's Indian-origin CEO Saransh Sharma said: "The allegations are frivolous, and are wasting time as the February 20 deadline approaches.

Preparing legal action against Sahara: Mirach

Last Updated: Friday, February 13, 2015, 09:05

The Subrata Roy-led Sahara group has accused Mirach of "cheating and forgery" in the failed USD 2.05 billion loan arrangement and said it has initiated legal action against the US-based firm.