Sahara Housing Investment Corporation

  • Sahara chief to remain in jail as SC lifts freeze on assets June 4, 2014

    Sahara group chief Subrata Roy will remain in jail even as the Supreme Court on Wednesday lifted the freeze on the group's moveable and immovable assets so it could raise Rs.10,000 crore for part repayment to investors. The apex court March 26, 2014 had said Sahara Group will deposit Rs.10,000 crore...
  • Blow for Sahara, request for house arrest of Subrata Roy rejected May 29, 2014

    New Delhi: There is no relief for Sahara group chief Subrata Roy. The Supreme Court on Thursday rejected the idea of putting Roy under house arrest for the time being. The apex court has directed the Sahara group to get valuation of three properties which have been mortgaged with the...
  • Rs 55 cr and counting: SEBI's expense bill to Sahara April 7, 2013

    New Delhi: Market regulator SEBI has incurred initial costs of more than Rs 55 crore in its humongous task of facilitating Rs 24,000crore refund to bondholders of two Sahara firms after verifying their credentials and Saharas would have to clear all these bills. The final expense bill of the Securities...
  • Full text: Sahara statement on SEBI crackdown on its companies February 13, 2013

    New Delhi: The Securities and Exchange Board of India (SEBI) on Wednesday cracked down on Sahara group, freezing more than 100 bank accounts of two of its companies. Sources said that the immovable assets of the two companies were also frozen. The SEBI also attached the assets and properties of Sahara...
  • SEBI freezes over 100 bank accounts of 2 Sahara cos: Sources February 14, 2013

    New Delhi: The Securities and Exchange Board of India (SEBI) on Wednesday cracked down on Sahara group, freezing more than 100 bank accounts of two of its companies. Sources said that the immovable assets of the two companies were also frozen. The SEBI also attached the assets and properties of Sahara...
  • SEBI files contempt plea against Sahara in SC November 3, 2012

    New Delhi: Market regulator SEBI on Friday filed a contempt petition against the Sahara Group in the Supreme Court for not complying with its directions relating to refund of about Rs 24,000 crore by its two firms to their investors. The petition by SEBI said the two firms, Sahara India...
  • SC asks Sahara to refund Rs 24,000 cr to investors August 31, 2012

    New Delhi: In a major setback to the Sahara Group, the Supreme Court has directed Sahara to deposit over Rs 24,000 crore that it had collected through OFCD (optionally fully convertible debentures) with PSU banks. The court has granted Sahara India Real Estate Corporation and Sahara Housing Investment Corporation three months...
  • SC allows SEBI to seek info from Sahara firms January 4, 2011

    New Delhi: The Supreme Court on Tuesday said SEBI was entitled to seek all necessary information from two Sahara group firms on how resources were being raised but refused to stay the companies' ongoing fundmopping exercise. The apex court was hearing market regulator's petition against an Allahabad High Court order staying...