Sahara case bidding
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 »
Subrata Roy has been in Delhi’s Tihar Jail since March 4, has withdrawn proposal for modifying his bail conditions.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 »
New Delhi- Interest was evinced by four entities -Karvy, CAMS, NSDL and CDSL regarding the genuineness of about three crore investors in the Sahara case bidding for the job. This was done on behalf of market regulator Sebi (Securities and Exchange Board of India). A process to select an In-Person Verification (IPV) agency to conduct a face to face verification amongst the three [...] Continue Reading »
