SBI Capital Markets and HDFC Realty to conduct sale
Sahara India chairman Subrata Roy’s scheduled meeting with the company’s field workers here today was cancelled by the police fearing law and order situation, a move described as “unfortunate”, but appreciated by Roy.
Swami Ramdev, Acharya Balkrishna meeting Saharasri Subrata Roy Sahara and Smt. Swapna Roy to pay homage to Revered (Late) Smt. Chhabi Roy Ji at Sahara Shaher, Lucknow. Also seen in the picture, Shri O.P. Srivastava, Shri Abhijit Sarkar and Shri Raju Srivastava.
Giving one more chance to Sahara Group chief Subrata Roy to prove bonafides, the Supreme Court on Wednesday extended his parole till July 11, provided he gives an undertaking to deposit Rs 200 crore with Sebi by then.
Roy was sent to jail in 2013 following a dispute with market regulator SEBI on alleged irregularities in collecting funds from investors.
The Supreme Court on Friday released Sahara chief Subrata Roy on parole for four weeks to attend rituals and perform last rites of his mother Chhabi Roy, who died early morning on Friday in Lucknow.
Subrata Roy has been in Tihar jail since March 4, 2014 on the orders of the apex court in relation with a long running dispute with market regulator SEBI.
The Supreme Court today agreed to hear the plea of Sahara Chief Subrata Roy seeking parole to perform cremation rites of his mother who passed away in the wee hours this morning.
The Supreme Court today directed the Sahara group to furnish details of all its properties in a sealed cover to ascertain the fact as to whether they are sufficient for paying back the entire amount to the investors.
Seeking to reject any “impression” that its chief Subrata Roy wanted to go abroad before incarceration, embattled Sahara group today said he returned to the country on being summoned and later did not leave the country even after the Supreme Court’s permission.
Weeks before being sent to jail by the Supreme Court, the embattled Sahara Group chief Subrata Roy wanted to go abroad for “business discussions” with Bill Clinton and Tony Blair, markets regulator Sebi’s lawyer Arvind Datar in this high-profile case has said.
The Supreme Court today took exception to submissions by senior lawyer Kapil Sibal questioning its power to send Sahara Group chief Subrata Roy…
Supreme Court has asked Sebi to start the process of selling some of embattled conglomerate Subrata Roy’s Sahara’s real estate assets in the country to refund millions of investors in its illegal bonds, lawyers said on Tuesday.
The Sahara group on Tuesday told the Supreme Court that it was selling its Grosvenor House Hotel in London to Qatar and was in talk with a state-owned Russian bank for refinancing its two hotels in New York – New York Plaza and Dream New York hotel.
Embattled Sahara Group today came up with a fresh proposal before the Supreme Court for the sale of its assets to raise the amount for the release of its jailed chief Subrata Roy.