Subrata Roy
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 »
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 »
104 acre land near Shela village on the outskirts of Ahmedabad, has been sold off by Sahara Group to HN Safal Group at a throwaway price of Rs 600 crore. Initially Sahara had planned to build an Rs 450 crore township of 4,000 homes on the property located on outer SP Ring Road. The deal [...] 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Subrata Roy has been in Delhi’s Tihar Jail since March 4, has withdrawn proposal for modifying his bail conditions.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 »
The Sahara group made fresh proposal before the SC for refunding Rs20, 000 crore to investors to make sure the release of its chief Subrata Roy who has been in jail with company’s 2 directors since 4 March. In the proposal, the Sahara group gives the surety to deposit Rs2,500 crore within three working days [...] Continue Reading »
