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Sahara Group

Airport Authority threatens to seize Sahara's Mumbai hotel

Airport Authority threatens to seize Sahara's Mumbai hotel

Sat, Dec 01, 2018

In yet another blow to the beleaguered Sahara Group, the Airports Authority of India (AAI) has terminated the lease of the posh Hotel Sahara Star and threatened on Friday to seize the prime property situated outside Mumbai Airport.

Big setback for Subrata Roy led Sahara over Rs 14,000 cr case; what Sebi ordered

Big setback for Subrata Roy led Sahara over Rs 14,000 cr case; what Sebi ordered

Fri, Nov 02, 2018

Sebi found that Sahara India Commercial Corporation (SICCL) had made an offer of OFCDs in financial years 1998-2009 and raised an amount of at least Rs 14,106 crore from 1,98,39,939 investors. The regulator, in 2011, already ordered two Sahara group firms -- Sahara India Real Estate Corporation Ltd (SIRECL) and Sahara Housing Investment Corporation Ltd (SHICL) -- to refund the money raised from investors through OFCD route.

Subrata Roy's Sahara Group says sees ray of hope as SC allows Aamby Valley operations to start

Subrata Roy's Sahara Group says sees ray of hope as SC allows Aamby Valley operations to start

Sun, Jul 15, 2018

Sahara Group has hinted at a comeback and not just that, it is reportedly gunning for primacy in India in the coming two years.

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No takers for Subrata Roy led Sahara Group's Aamby Valley properties: Liquidator to SC

No takers for Subrata Roy led Sahara Group's Aamby Valley properties: Liquidator to SC

Fri, Jul 13, 2018

The bench, which also comprised Justices Ranjan Gogoi and A K Sikri, then agreed to the submission of senior advocate Vikas Singh, the counsel for Sahara Group, that the court-appointed receiver of the Aamby Valley properties and the Official Liquidator be discharged of their duties.

Sahara Group to make comeback? Subrata Roy led firm unveils road map; pegs losses at Rs 10,000 cr

Sahara Group to make comeback? Subrata Roy led firm unveils road map; pegs losses at Rs 10,000 cr

Mon, Jul 02, 2018

Sahara Group chief Subrata Roy has been battling a case in Supreme Court regarding his company not refunding about Rs 24,000 crore deposits to investors.

Now, Subrata Roy led Sahara Group gets this new deadline to sell Aamby Valley property

Now, Subrata Roy led Sahara Group gets this new deadline to sell Aamby Valley property

Thu, Apr 19, 2018

The Supreme Court today allowed the Subrata Roy led Sahara Group to choose any parcel of its property in the Aamby Valley city project in Maharashtra and sell them by May 15 and deposit the proceeds with the SEBI-Sahara refund account.

SC asks Bombay HC Receiver to auction Sahara's Aamby Valley

SC asks Bombay HC Receiver to auction Sahara's Aamby Valley

Thu, Nov 23, 2017

The Supreme Court today directed official Receiver of the Bombay High Court to help the Liquidator in getting the Sahara Group's Aamby Valley property auctioned.

IRDAI decision against Sahara India Life raises several questions

IRDAI decision against Sahara India Life raises several questions

Sun, Jul 30, 2017

On the insurance regulator`s serious charge that Rs 78 crore has been siphoned off, industry officials ask what action have the IRDAI or the administrator appointed by it in June 2017 taken in that regard.

IRDAI asks ICICI Prudential to take over Sahara insurance business

IRDAI asks ICICI Prudential to take over Sahara insurance business

Sat, Jul 29, 2017

Embattled Sahara group chairman Subrata Roy had met Irdai chairman to seek more time to resolve the crisis at his life insurance arm on July 24. ICICI Prudential had submitted a valuation report to the regulator to take over the company on the same day.

Supreme Court approves term for Sahara's Aamby Valley auction

Supreme Court approves term for Sahara's Aamby Valley auction

Tue, Jul 25, 2017

SC asked Bombay HC official liquidator to proceed with publication of sale notice of Sahara's prime Aamby Valley properties.

Sahara short of Rs 9,000 crore of Rs 24,000 crore principal amount

Sahara short of Rs 9,000 crore of Rs 24,000 crore principal amount

Wed, Jul 05, 2017

The apex court had given them the time till today to deposit Rs 1500 crore, as during the previous hearing, Sahara Group had deposited Rs 790.18 crore and were to pay the balance of Rs 709.82 crore.

ICICI Prudential keen to buy Sahara Life Insurance

ICICI Prudential keen to buy Sahara Life Insurance

Tue, Jul 04, 2017

Sahara Life had sold 665 policies worth Rs 1.53 crore during the April-May period of the current fiscal. The company had collected a premium worth Rs 44.68 crore from 16,058 customers in 2016-17.

Supreme Court grants Subrata Roy 10 more days to deposit Rs 709.82 crore

Supreme Court grants Subrata Roy 10 more days to deposit Rs 709.82 crore

Mon, Jun 19, 2017

A bench comprising Justices Dipak Misra and Ranjan Gogoi considered the submissions of senior advocate Kapil Sibal, appearing for Roy, that Rs 790.18 have been already been deposited with the SEBI-Sahara account and 10 more working days be granted for submission of the remainder.

Will auction Aamby Valley if Rs 1500 crore not deposited by June 15, SC tells Subrata Roy

Will auction Aamby Valley if Rs 1500 crore not deposited by June 15, SC tells Subrata Roy

Thu, Apr 27, 2017

Accepting the offer, the apex court said that Roy will be send to jail if Rs 1500 crore payment not met the deadline.

Not Mallya's, Tata, Godrej, Adani show interest in buying Sahara properties

Not Mallya's, Tata, Godrej, Adani show interest in buying Sahara properties

Wed, Apr 19, 2017

On February 28, the Supreme Court had allowed Sahara to sell certain properties after market regulator Sebi found it difficult to auction them even with the help of specialised agencies.

SC gave orders to auction Aamby Valley of Sahara Group

SC gave orders to auction Aamby Valley of Sahara Group

Tue, Apr 18, 2017

SC gave orders to auction Aamby Valley of Sahara Group. Watch this special segment and get to know more here.

Will auction Aamby Valley if money not deposited: SC to Sahara

Will auction Aamby Valley if money not deposited: SC to Sahara

Thu, Apr 06, 2017

The top court had earlier directed attachment of Sahara Group's prime property for realisation of money to be paid to its investors.

Here are 5 key things you should look forward to in India's real estate sector this week

Here are 5 key things you should look forward to in India's real estate sector this week

Tue, Mar 07, 2017

From DLF negotiating agreement with GIC Singapore for 40% equity sale to Videocon selling Fort House for Rs 300 crore to Dawat-e-Hadiyah to Mutual Funds (MFs) to give 15 days for exit option to REITs, InvITs investors and much more happenings in India's real estate sector this week.

Sahara Group to deposit Rs 200 crore by tomorrow as SC advances hearing

Sahara Group to deposit Rs 200 crore by tomorrow as SC advances hearing

Thu, Oct 20, 2016

The court has asked the market regulator SEBI to sell Sahara properties to mobilise the money.

Supreme Court extends Sahara chief Subrata Roy's parole till October 24

Supreme Court extends Sahara chief Subrata Roy's parole till October 24

Wed, Sep 28, 2016

Supreme Court (SC) has extended the parole of conglomerate Sahara's chief Subrata Roy by nearly a month in an interim order issued on Wednesday.

Supreme Court extends Subrata Roy’s bail to September 23

Supreme Court extends Subrata Roy’s bail to September 23

Fri, Sep 16, 2016

The Securities and Exchange Board of India (Sebi) has informed court that out of 58 properties, eight properties have been sold in Rs 195 crore.

Sebi's 'Sahara Refund Account' rises to nearly Rs 11,700 crore

Sebi's 'Sahara Refund Account' rises to nearly Rs 11,700 crore

Mon, Jun 13, 2016

As it gears up to auction Sahara properties worth thousands of crores to recover further funds, market regulator Sebi's Sahara Refund Account has swelled to Rs 11,727 crore with interest but it has been able to refund just about Rs 55 crore so far to the investors.

Sahara properties to be auctioned next month; bids start at Rs 1,900 crore

Sahara properties to be auctioned next month; bids start at Rs 1,900 crore

Thu, Jun 09, 2016

The auction would be conducted by SBI Capital Markets and HDFC Realty, which have been tasked to auction a total of 61 land parcels, on July 13 and July 15 respectively.

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