REFUND

  • Passengers on the SpiceJet MumbaiDelhi flight to be refunded: DGCA July 29, 2014

    The Directorate General of Civil Aviation has asked SpiceJet to refund fares to all passengers of the MumbaiDelhi flight, which was delayed by 5 hours last month. DGCA has also asked SpiceJet to refund money charged from passengers for food and beverages. The aviation regulator also found 'serious engineering issues'...
  • Subrata Roy to stay in jail, SC rejects his writ petition May 6, 2014

    New Delhi: In a setback for Sahara chief Subrata Roy, the Supreme Court has rejected his writ petition challenging his detention. Roy will therefore, continue to stay in jail. Roy had challenged the apex court's jurisdiction to detain him in jail for not refunding investors' money. The court has asked Subrata...
  • Put Subrata Roy under house arrest: Sahara plea to SC April 9, 2014

    New Delhi: Sahara on Wednesday asked the Supreme Court to put its chief Subrata Roy under house arrest or under any other form of restriction, saying that the company was not being able to hold talks with international buyers in his absence. "Sahara cannot engage in talks with international buyers with...
  • Sahara tells SC that it can pay only Rs 2,500 crore immediately April 3, 2014

    New Delhi: The Sahara Group made another proposal to the Supreme Court on Thursday, but in vain. Sahara lawyers have now told the Supreme Court that it is not possible for them to raise Rs 10,000 crore needed to get Sahara chief Subrata Roy interim bail. The lawyers have told...
  • Full text: Sahara's proposal to SC on repayment of investors' money March 7, 2014

    The Supreme Court on Friday rejected a Sahara proposal to pay its investors' money in instalments. Sahara had proposed to pay Rs 2500 crore of its unpaid dues in three working days and the rest of the amount in an-year-and-a-half. Pursuant to the orders of this Hon'ble Court, Saharas have...
  • Sahara moves SC, offers to pay investors in instalments March 7, 2014

    New Delhi: The Sahara Group has offered to pay its investors in instalments. The group's lawyers moved the Supreme Court on Friday, saying that Sahara will make payments in a time-bound manner. The court has asked Sebi to study Sahara's proposal and give its views by 11.30 am on Friday. Sahara chief...
  • Sahara lawyers to move SC for early hearing in refund case March 7, 2014

    New Delhi: The lawyers of the Sahara Group are set to approach the Supreme Court on Friday seeking an early hearing in the Sahara-Sebi matter. This after Sahara chief Subrata Roy was remanded in judicial custody till March 11 by the Supreme Court on Tuesday. Roy along with two other company...
  • Subrata Roy Sahara brought to Delhi, to be produced in SC today March 4, 2014

    New Delhi: Sahara Chief Subrata Roy will be produced in the Supreme Court on Tuesday afternoon. He was brought to Delhi on Monday night after an overnight halt in Agra. Roy was arrested last week after he failed to respond to the Supreme Court's summons to appear in court. This...
  • Bollywood extends support to arrested Sahara chief Subrata Roy March 3, 2014

    Mumbai: Sahara chief Subrata Roy will appear before the Supreme Court on Tuesday. However, friends, especially those from the film industry, have extended their support to Roy. During a special press conference, they conveyed their personal opinion on the Sahara chief. "I have never heard anyone say anything bad about...
  • Subrata Roy gets VIP treatment in custody, kept in a guest house in UP March 3, 2014

    Lucknow: After being sent to custody by a court in Lucknow on Friday, Sahara chief Subrata Roy is living in a forest guest house in Lucknow, which is supposed to be one of the best in the city. The police have also closed down the popular picnic spot in order...
  • Has political system allowed Subrata Roy to take people for a ride? February 28, 2014

    Sahara chief Subrata Roy was finally arrested by the Lucknow Police on Friday and sent to police custody till March 4. Roy will spend the night in a Forest Department Guest House in Kukrail near Lucknow. ...
  • Subrata Roy arrested, sent to police custody after 2 days of drama February 28, 2014

    New Delhi: The law finally caught up with Sahara group chief Subrata Roy on a day of fast developments in Lucknow. The Uttar Pradesh Police on Friday arrested Subrata Roy at 10.30 in the morning on the orders of the Supreme Court. But high drama followed as Roy summoned doctors to...
  • Sahara chief Subrata Roy sent to police custody till March 4 February 28, 2014

    New Delhi: Sahara chief Subrata Roy has been sent to police custody till March 4. The Chief Judicial Magistrate court in Lucknow had earlier reserved its order on Roy, asking the media and others to leave court. Roy had requested to court that he be allowed to stay at home....
  • Have paid all liabilities except Rs 2000 cr, says Sahara February 28, 2014

    New Delhi: Hours after Sahara chief Subrata Roy's arrest, the Sahara group has released a fresh statement saying the company has repaid all liabilities of the OFCD except Rs 2,000 crore. The company says that 20 to 30 truck loads of documents have not yet reached Sebi despite all efforts. "Sahara...
  • SAT may hear Sahara's plea against Sebi in May April 19, 2013

    Mumbai: The Securities Appellate Tribunal is likely to hear Sahara chief Subrata Roy's plea in May against market regulator Sebi's attachment order of his bank accounts and other assets, along with those of two group firms and their top executives. Four petitions have been filed against Sebi, namely by Sahara...
  • SEBI wasted time by not verifying base of investors: Sahara chief April 10, 2013

    New Delhi: Sahara group chief Subrata Roy, who appeared before a SEBI panel on Wednesday to give details of his company's assets, said that the repayment of remaining investors had been delayed because of SEBI as the market regulator was wasting time by delaying the verification of investor base he...
  • Sahara Group chief appears before Sebi in refund case April 10, 2013

    Mumbai: Sahara Group chief Subrata Roy and top executives reached Sebi's office to appear before the market regulator in connection with the highprofile refund case involving an estimated Rs 24,000 crore payment to over three crore investors. Sebi had said that if they failed to appear, it would issue orders...
  • SC refuses to grant more time to Sahara to refund Rs 24,000 cr February 25, 2013

    New Delhi: The last hope of Sahara Group to get more time to refund Rs 24,000 crore to its investors was on Monday dashed in the Supreme Court which dismissed its plea and pulled it up for not complying court's earlier order to return the money by first week of...
  • SC rejects Sahara plea on refund of Rs 24,000 crore January 10, 2013

    New Delhi: The Supreme Court on Wednesday dismissed Sahara group's plea for review of its verdict directing its two firms to refund around Rs 24,000 crore to their investors with 15 per cent interest per annum. A bench of justices KS Radhakrishnan and JS Khehar, which had passed a slew...
  • SC gives Sahara more time to refund money December 5, 2012

    New Delhi: The Supreme Court (SC) on Wednesday gave the Sahara Group more time in the refund case and asked the company to refund Rs 24,000 crore to its investors by February, 2013. The apex court said the first demand draft of Rs 5,120 crore should be paid immediately while,...
  • SC raps Sahara for not refunding its investors December 3, 2012

    New Delhi: The Supreme Court on Monday rapped Sahara Group for not complying with its order for refunding Rs 27,000 crore to its investors saying the intention of the company looks "shaky". "Your intention is very shaky. Every step taken by you is shaky," it said. The apex court added that...
  • Govt to refund telecom cos whose licences were cancelled October 9, 2012

    New Delhi: An Empowered Group of Ministers (EGoM) on Monday decided to refund licence fee of companies whose telecom licences were cancelled earlier this year but had no criminal charge against them. The EGoM, headed by Finance Minister P Chidambaram, also decided to recommend to the Cabinet a one-time fee...
  • Bangalore: BMTC temporarily halts refunds September 25, 2012

    Bangalore: The Bangalore Metropolitan Transport Corporation (BMTC) will be halting the process of refunding students for those who purchased bus passes before a reduction in rates was introduced. The refund process which started on September 7 at 36 centres across the city was scheduled to run till September 30. It ...
  • Sahara's statement on SC order to refund investors' money September 1, 2012

    On Friday, the Supreme Court ruled that SEBI has jurisdiction over the OFCDs issued by 2 unlisted Sahara Group companies, raising almost Rs 24,000 crore. The apex court ordered the Sahara companies to refund the outstanding Rs. 24,000 crore. The refund process is to be handled by SEBI and will...
  • Central Railway implements new eticket refund system May 12, 2012

    Nagpur: Central Railway has implemented a new, Advance Coaching Refund System (ACRS) recently to reduce the time taken for eTickets refunds. According to this system, all the eticket data is uploaded directly from IRCTC server to ACRS directly and dealt by the refund section in Chief Commercial Manager's...
  • Amending IT laws not investor friendly: Vodafone March 22, 2012

    New Delhi: Telecom major Vodafone on Wednesday said the government's move to retrospectively amend income tax laws does not augur well for investors but asserted that it has no plan to exit India. "As a practicing businessman in India, this will not augur well for foreign direct investment and the country...
  • Government refunds money to Vodafone March 21, 2012

    New Delhi: Within hours of the Supreme Court dismissing the review petition in the Vodafone's tax case, government on Tuesday refunded about Rs 2,500 crore plus four per cent interest to the firm. When asked, a Vodafone spokesman said "the money has been refunded Rs 2500 crore plus four...
  • Govt may go slow on tax refunds, oil duty cut May 25, 2011

    New Delhi: Worried that high inflation and moderating growth could impact tax collections in 201112, the Government on Tuesday indicated that it may go slow on tax refunds and refrain from reducing duties on petroleum products. The indications were given by top revenue official at the annual meeting of senior Income...
  • Cybercrime: New tax return online scam unleashed March 22, 2011

    New Delhi: Cyber crooks are on the prowl this financial year closing and are using phishing attacks and hoaxalerts to gain access to account details of individuals who have filed their Income Tax returns online, warn experts. "It is the season of income tax returns. Many people file them online. Cyber...
  • Exporters demand speedier service tax refunds July 22, 2009

    New Delhi: Keeping the current global scenario in mind, the Finance Ministers Budget proposals on indirect taxes focused primarily on providing a stable framework to the industry at large, with a specific emphasis on the export sector which has been greatly impacted in recent times due to the decrease...