Hearing of Sahara Group Petition
From the 5th of August till the following 10 days the Delhi’s Tihar jail will have the sort of visitors who generally find them working in very different circumstances. All these visitors will be coming to see Sahara chief Subrata Roy who has been trying to raise the Rs 10,000 crore that would allow him [...] Continue Reading »
Sahara group had pleaded the Supreme Court (SC) to release its founder Subrata Roy for at least 40 days to help the group sell assets to raise Rs.10,000 crore. However the Supreme Court on Friday reserved its order and it seems now Roy might have to spend more time in the jail as this money [...] Continue Reading »
Subrata Roy led Sahara Group had its plea rejected by the Supreme Court of India last week, and sources say the group would have to repay INR 10000 crores if the bail has to be realized. Keeping this in mind, Sahara Group on Monday proposed to sell one of it’s prized possessions which would help [...] Continue Reading »
The esteemed SC (Supreme Court of India) clamped down on Sahara Group’s request which stated the need to release many of it’s directors including the top lead of them all, Subrata Roy. The plea was rejected on Monday, says a source which clearly stated if INR 10,000 crore wasn’t deposited, the case status quo stands [...] Continue Reading »
The new bench, which was constituted by the Supreme Court to hear the Sahara case, is scheduled to begin proceedings in the matter today, May 19. The justices that comprise the new Supreme Court bench for hearing the Sahara case include justices TS Thakur and AK Sikri. The constitution of the new bench was necessitated [...] Continue Reading »
Subrata Roy has been in Delhi’s Tihar Jail since March 4, has withdrawn proposal for modifying his bail conditions. Sahara had earlier last week, expressed its inability to pay Rs. 5,000 upfront for bail but proposed to pay Rs. 2,500 upfront and Rs. 2,500 three weeks after Subrata’s release. On March 26, the Supreme Court [...] Continue Reading »
Sahara India Real Estate Corporation sought some time to file recent documents and the Supreme Court on Monday adjourned the matter for a week. Meanwhile, the Allahabad High Court has dismissed the application filed by the Sahara Group firms to recall and restore its earlier order of April 7, 2011 vacating stay and allowed market [...] Continue Reading »
