Sahara India Real Estate
There is some good news for the chief of the Sahara India group Subrata Roy who was arrested a few weeks ago in Lucknow. The Supreme Court (SC) bench comprising of Justices T.S. Thakur and A.K. Sikri on Thursday allowed the Sahara Group to initiate the sale process of its shares in three hotels, one in [...] 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 »
Supreme Court had earlier asked Sahara group companies to give bank transaction details of Rs 20,000-odd crore which they claimed to have refunded to investors. On August 31, 2012, Sahara Real Estate and Sahara Housing received direction from the Supreme Court to return more than Rs 24,000 crore to investors. The group on Tuesday said [...] Continue Reading »
Sahara India Real Estate and Sahara Housing Investment Corporation has been ordered by Supreme Court to collect nearly 15 percent of interest form all the 3 crore investors and has been granted a deadline of six weeks to complete the same. Also Sahara India Real Estate agreed for the court orders and have promised to [...] Continue Reading »
