Subrata Roy

  • SC allows Sahara chief Subrata Roy to shift to conference hall in Tihar 16 hours 49 minutes ago

    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 2 days ago

    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 1 week 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 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • India @ 9 with Rajdeep Sardesai March 26, 2014

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • News 360: Sonia, Rahul attack Modi, say he will divide India March 26, 2014

    At the release of Congress's manifesto, party President Sonia Gandhi and Vice President Rahul Gandhi hit out at BJP's prime ministerial candidate Narendra Modi saying his ideology will divide India. Rahul said, "Modi is an ideology which divides people. This ideology is dangerous for the country and every Congress leader...
  • SC grants conditional bail to Subrata Roy, Sahara to pay Rs 10,000 cr March 26, 2014

    New Delhi: The Supreme Court on Wednesday granted conditional bail to Sahara chief Subrata Roy and has asked the Sahara group to pay Rs 10,000 crores. The case has been listed for hearing on Thursday. Subrata Roy is lodged in Tihar Jail since March 4. Subrata Roy...
  • Investors' funds case: Sahara proposes to pay dues in 5 instalments March 25, 2014

    New Delhi: The Sahara Group made a fresh proposal to the Supreme Court on Tuesday in the investors' funds case. Sahara said it will repay the entire amount it owes to its investors in five instalments by March 31, 2015. The company said it will pay Rs 2500 crore within three...
  • SC turns down Subrata Roy's bail plea; holi in jail for him March 13, 2014

    Subrata Roy may have to play holi inside Tihar jail and stay put there till Mar 25 with the Supreme Court on Thursday remaining unyielding on his bail plea after the Sahara group failed to come out with a new proposal for refunding Rs 20,000 crore of investors money. The apex...
  • No relief for Subrata Roy from SC, next hearing on March 25 March 13, 2014

    New Delhi: In another setback for Sahara chief Subrata Roy, the Supreme Court on Thursday again deferred hearing on his contempt case saying it will only hear Sahara's plea against his detention when the company gives a proposal to refund the crores it owes to its investors. The hearing has been...