Sahara

  • Sultan of Brunei bids for Sahara's New York and London luxury hotels: report 4 days ago

    New York: The Sultan of Brunei has made a bid for New York's Plaza Hotel, Dream Hotel and London's Grosvenor House hotel, the Wall Street Journal's website edition reported on Saturday, citing people familiar with the situation. An investment firm affiliated with Brunei has offered to pay $2 billion for the...
  • From jail, Subrata Roy tries to sell the New York Plaza August 10, 2014

    New Delhi: It's hardly the $30,000 a night royal suite, but after five months in India's biggest jail, the owner of the New York Plaza and London's Grosvenor House is thrilled to be able to use a modest office as he tries to sell the iconic hotels. Indian tycoon Subrata Roy...
  • Subrata Roy shifted to conference room of Tihar Jail August 5, 2014

    New Delhi: A number of people including the staff of Sahara chief Subrata Roy on Tuesday visited him at the conference room of Tihar jail which has been declared "special jail" for negotiations with potential buyers of his overseas hotels to raise Roy's bail amount of Rs 10,000 crore. Sources in...
  • Sahara chief Subrata Roy to raise bail money from conference room in jail August 4, 2014

    New Delhi: Jailed Sahara chief Subrata Roy will move to a swanky conference room in Tihar prison on Tuesday where he will have facilities like video conferencing, Internet and phone so that he can negotiate with potential bidders for sale of his hotels abroad to raise Rs 10,000 crore for...
  • SC allows Sahara chief Subrata Roy to shift to conference hall in Tihar August 1, 2014

    New Delhi: In slight respite for Sahara chief Subrata Roy, the Supreme Court on Friday allowed him and two other directors of the firm to shift from the barracks of Tihar jail to a conference hall in the prison's vicinity. The court gave 10 working days from August 5 to Sahara...
  • SC allows Sahara chief Subrata Roy to hold talks to sell properties July 30, 2014

    New Delhi: The Supreme Court on Wednesday allowed Sahara chief Subrata Roy, who has been in jail for the last five months, to use conference room in Tihar jail complex for negotiation with potential buyers of his luxury hotels in New York and London to raise Rs 10,000 crore to...
  • Sahara chief seeks SC permission to shift to Tihar guest house July 25, 2014

    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 July 22, 2014

    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...