Sahara

  • Sahara chief seeks SC permission to shift to Tihar guest house 3 days ago

    New Delhi: Sahara chief Subrata Roy, currently in jail on charges of investor fraud, wants to shift into a guest house in Tihar Jail. He has moved the Supreme Court for the same saying he needs to hold negotiations to sell his assets in India and abroad to meet his...
  • Supreme Court denies bail to Sahara chief Subrata Roy 6 days ago

    New Delhi: The Supreme Court on Tuesday refused to release Sahara Chief Subrata Roy on bail or parole. The court said that Roy cannot be released for 40 days on bail. The court allowed Roy to mortgage or sell hotels in New York, London in order to raise the money. The...
  • Force India bag four points at Silverstone but lose ground in team standings July 6, 2014

    Silverstone: Nico Hulkenberg ensured Sahara Force India got something positive out of a tough weekend at home by finishing eighth in the Formula 1 British Grand Prix on Sunday. The Silverstone squad failed to find pace on the high downforce Silverstone Circuit the entire week and had to go for a...
  • SC reserves order on Subrata Roy's plea for 40 days parole July 4, 2014

    New Delhi: The Supreme Court on Friday reserved its order on the plea by Sahara Group chief Subrata Roy seeking the court's nod for selling its three overseas hotels to generate Rs 10,000 crore and for his release on 40 days parole to put through the international transaction. Roy and two...
  • Subrata Roy urges SC to show 'mercy' by granting interim bail July 4, 2014

    New Delhi: The Supreme Court on Friday reserved its order on interim bail plea of Sahara chief Subrata Roy who pleaded to the court to show 'raham'(mercy) and allow him to come out of jail to sell off his properties to deposit Rs 10,000 crore with SEBI as directed to...
  • SC seeks SEBI's response on Sahara's plea to sell overseas hotels July 4, 2014

    New Delhi: The Supreme Court on Thursday asked market regulator SEBI to respond to Sahara group's plead to permit it to sell its three overseas hotels to mobilise Rs.10,000 crore as a part repayment of investors money raised by its two companies - a condition for the release of jailed...
  • I-T moves SC with a tax demand of Rs 4,800 crore from Sahara July 3, 2014

    New Delhi: There seems to be more trouble for the Sahara Group as the Income Tax department has now approached the Supreme Court with a tax demand of Rs 4,800 crore for the last 3 years. This comes even as Sahara chief Subrata Roy has sought an interim bail of...
  • Rs 3,117 crore deposited with SEBI: Sahara to SC June 30, 2014

    New Delhi: The Sahara group on Monday filed an affidavit in the Supreme Court stating it has deposited Rs 3,117 crore so far with SEBI and that it is trying to raise more money to meet the condition of paying Rs 5,000 crore to get bail for its chief Subrata...
  • 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...
  • Subrata to stay in jail as SC rejects plea to put him under house arrest June 4, 2014

    New Delhi: The Supreme Court on Wednesday appointed FS Nariman as amicus curiae in the Sahara case and rejected its chief Subrata Roy's plea to put him under house arrest. Roy had sought modification of an earlier SC order asking him to pay Rs 5,000 crore in cash besides a...
  • SC to pronounce order on Wednesday on fresh plea of Sahara chief June 3, 2014

    The Supreme Court is likely to pronounce on Wednesday its verdict on a plea of jailed Sahara Group chief Subrata Roy seeking modification of an earlier order asking him to pay Rs 5,000 crore in cash besides a bank guarantee of an equivalent amount for securing his release. A bench of...
  • 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...
  • Surat: Major fire at a commercial building, no reports of casualties May 29, 2014

    Surat: Massive fire has broken out in a commercial building, Orchit tower, of the Sahara Darwaja area of Surat. 10 fire tenders are trying to douse the fire at the spot. There are no reports of casualties so far. There are nearly 100 shops in the building. The fire...
  • Setback for Sahara chief, SC refuses to put him in house arrest May 19, 2014

    New Delhi: The Supreme Court on Monday rejected Sahara Group chief Subrata Roy's bail plea, refusing to convert his custody into house arrest. The apex court asked Sahara to come out with a concrete proposal to refund the money of crores of investors from whom the company allegedly illegally raised...
  • Sahara case: New bench constituted, matter to be taken up on May 19 May 17, 2014

    New Delhi: A new bench has been constituted in the Supreme Court to hear the Sahara case which will take up the matter on May 19. The new bench comprising justices TS Thakur and AK Sikri was set up after JS Khehar recused himself from hearing the matter. The entire case...
  • Sahara case: Days after SC judge claims pressure, another recuses himself May 15, 2014

    New Delhi: Days after Justice KS Radhakrishnan, one of the two Supreme Court judges handling the Sahara case, said that the bench faced tremendous pressure while dealing with the proceedings, the other judge has recused himself from the trial. Justice JS Kehar did not give any reason for the recusal....
  • Tremendous pressure on judges dealing with Sahara case: Justice Radhakrishnan May 11, 2014

    New Delhi: Days after a bench comprising of Justice KS Radhakrishnan and Justice JS Khehar dismissed Sahara group chief Subrata Roy's petition for releasing him and two other directors of the group from jail, Justice Radhakrishnan has now revealed that there was tremendous pressure on both the judges while they...
  • One needs to be superhuman to handle cases like Sahara: SC May 6, 2014

    New Delhi: Fed up with the tactics of Sahara Group and its chief Subrata Roy, the Supreme Court on Tuesday observed that judges would need to be "superhumans" to handle the pressures to handle frivolous litigations. It suggested that Legislature frame a mechanism for evolving a Code for Compulsory Costs under...
  • 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...
  • Subrata Roy feeling heat of Delhi, pleads SC to pass order at earliest April 30, 2014

    New Delhi: Facing the heat, jailed Sahara chief Subrata Roy on Wednesday made a plea before the Supreme Court to pass an early order on his petition challenging his detention, saying temperature in the capital has gone up and he is not feeling well in jail. "The temperature has soared up...
  • SC dismissed PIL seeking CBI probe against Sahara April 28, 2014

    New Delhi: The Supreme Court on Monday refused to entertain a PIL seeking probe by CBI and ED in an alleged illegal transfer of 270 acres of land in Lucknow by state government to Sahara India 20 years ago. A bench headed by Chief Justice RM Lodha dismissed the PIL...
  • Will deposit Rs 3,000 cr within 3 days of Roy's release: Sahara to SC April 21, 2014

    New Delhi: The Sahara group has made a new proposal to the Supreme Court in the investors' payment case. It has now proposed to deposit Rs 3,000 crore within three days of its chief Subrata Roy's release. Sahara has also said that it will pay an additional Rs 3,000 crore by...
  • Will pay Rs 2,500 cr in 4 days: Sahara's new proposal for Subrata Roy's release April 18, 2014

    Sahara group on Thursday told Supreme court it is willing to pay Rs 2,500 crore within four days and another Rs 2,500 crore in cash within 60 days for release of its chief Subrata Roy and two directors. Appearing before a bench of justices KS Radhakrishnan and JS Khehar, senior counsel...
  • Force India aim to repeat podium show in China April 16, 2014

    Shanghai: Sahara Force India say the podium finish in Bahrain was not a "one-off" thing since the car was very consistent and the aim is to repeat the performance at Sunday's Chinese Grand Prix. In a terrific show, Sergio Perez finished third and Nico Hulkenberg was fifth as the team catapulted...
  • 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...
  • TWTW: Cyrus Broacha takes a Jibe at Modi's AK-49 remark March 30, 2014

    In this episode of The Week That Wasn't, Cyrus Broacha took a jibe at BJP prime ministerial candidate Narendra Modi over his AK-49 remark. The BJP leader finally broke his silence on the Aam Aadmi Party and took a dig at its leader Arvind Kejriwal. Addressing a rally in Jammu,...
  • Sahara seeks contributions from employees to secure bail for Subrata Roy March 28, 2014

    New Delhi: Sahara has turned to its employees to help get chief Subrata Roy out of jail. In a letter to all its employees on Friday, Sahara sought a minimum contribution of Rs 1 lakh per head in order to pay Roy's bail bond of Rs 10,000 crore. The employees will...
  • Sahara chief Subrata Roy likely to remain in jail for more time March 27, 2014

    Sahara chief Subrata Roy may have to remain in jail for at least another week because his lawyers say they are finding it difficult to immediately mobilise Rs 10,000 crores needed to get him and two directors out on bail. A day after the apex court imposed a condition that Roy will be freed on bail...
  • Impossible to pay Rs 10,000 cr for bail to Subrata Roy: Sahara to SC March 27, 2014

    New Delhi: The Sahara Group on Thursday told the Supreme Court that it was "virtually impossible" to meet with its demand of Rs 10,000 crore in order to grant bail to the company's chief Subrata Roy. The court has adjourned hearing till April 3. Till then, Roy will stay in jail. Sahara's...