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.

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.

SC grants Sahara final chance

Last Updated: Friday, March 13, 2015, 15:57

The Supreme Court on Friday gave the Sahara group a third and final chance to negotiate its proposed deal for arranging money for the release of its chief executive, Subrata Roy from jail.

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.