RBI cancels Sahara India's para-banking license

Last Updated: Tuesday, September 8, 2015, 13:57

The notice cancelling its license to conduction financial business has been sent to the Kapurthala head quarter of the Sahara India.

Fresh trouble for Sahara Group; SC seeks reply on I-T return notice

Last Updated: Friday, September 4, 2015, 14:02

In what could spell fresh trouble for Sahara chief Subrata Roy, the Supreme Court has asked the company to reply to the notice sent by Income Tax department.

HC extends stay on proceedings against Subrata Roy in IT case

Last Updated: Tuesday, August 18, 2015, 18:03

Delhi High Court Tuesday extended till November 27 the stay on trial court proceedings against Sahara chief Subrata Roy, now in Tihar Jail, in an income tax case for allegedly not filing returns for a group company for the assessment year 2013-14.

Supreme Court extends facilities to Subrata Roy in jail

Last Updated: Monday, August 17, 2015, 23:46

The Supreme Court on Monday extended till September 30 the special facilities given to Sahara chief Subrata Roy to facilitate communication for negotiating transactions to raise money to pay market regulator Securities and Exchange Board of India.

Not selling overseas properties: Sahara to Surpreme Court

Last Updated: Monday, August 17, 2015, 21:06

Sahara Group Monday told the Supreme Court that it was not selling its three overseas hotels, Grosvenor House Hotel in London, the New York Plaza and Dream New York hotels and alleged that some entities are "looking to grab these properties".

Lalit Modi to help fund Sahara chief Subrata Roy's release from jail?

Last Updated: Monday, August 17, 2015, 17:05

In what could come as a relief to Sahara chief Subrata Roy, Indian Premier League founder Lalit Modi has decided to step in to help the company and arrange sale of Sahara properties.

Two foreign firms move SC to buy Sahara's overseas hotels

Last Updated: Friday, August 14, 2015, 22:29

Two private firms on Friday moved the Supreme Court expressing their willingness to buy Sahara Group's three overseas hotels, Grosvenor House Hotel in London, the New York Plaza and Dream New York hotels, which will help raise money for release of Subrata Roy from jail.

Supreme Court to consider auctioning off Sahara properties

Last Updated: Monday, August 3, 2015, 23:53

The Supreme Court on Monday asked the Securities and Exchange Board of India (SEBI) to submit an application by September 14 seeking its approval to appoint a receiver to auction conglomerate Sahara`s assets and refund investors in the troubled group`s illegal bonds.

You are in jail by choice: SC to Sahara chief Subrata Roy

Last Updated: Monday, August 3, 2015, 21:05

Jailed Sahara Group chief Subrata Roy's plea for his release on humanitarian grounds Monday evoked a sharp reaction from the Supreme Court which said "you are in jail by choice".

SEBI cancels Sahara's mutual fund licence

Last Updated: Tuesday, July 28, 2015, 19:21

Sebi also directed Sahara Mutual Fund and Sahara Asset Management Company to stop accepting subscription from its existing or new investors with immediate effect.

Sebi cancels registration of Sahara Mutual Fund

Last Updated: Tuesday, July 28, 2015, 19:06

The Securities and Exchange Board of India (Sebi) on Tuesday cancelled registration of Sahara Mutual Fund and ordered transfer of business to a new fund house.

Sale of Sahara's asset; SC asks realty firms to show bonafides

Last Updated: Tuesday, July 7, 2015, 20:48

The Supreme Court on Tuesday asked two real estate firms engaged in a tug of war over purchasing Sahara Group's over 140 acre land properties in Gorakhpur in Uttar Pradesh