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Sahara fund News

04 Sep 2015

Fresh trouble for Sahara Group; SC seeks reply on I-T return notice

In what could spell fresh trouble for Sahara chief Subrata Roy, the Supreme Court has asked the company to reply to the notice sent by Income Tax department.

14 May 2015

Sahara chief Subrata Roy to be released on bail today?

Last week Sahara Group had informed the SC that it was ready to comply with the court's order of paying Rs 10,000 crore for Roy's bail including a bank guarantee of Rs 5000 crore.

09 May 2015

Sahara Group agrees to pay Rs 10,000 crore to ensure Subrata Roy`s bail

The apex court on August 31, 2012 had said the group was required to refund Rs 24,000 crore with 15 percent interest in three months to the depositors.

08 May 2015

Sahara agrees to pay remaining amount to ensure Subrata Roy's bail

Sahara Group said that it will pay the entire bail amount by next week.

25 Mar 2015

Sahara says submissions to SC can't be subject of media trial

Uncertainties loom large over embattled Sahara's fund raising plans even as the group today said that its proposed arrangements to raise money for release of its chief Subrata Roy cannot be subjected to public debate and speculative media trials.

20 Feb 2015

Roy fails to get early hearing on special facilities

Sahara Group's lawyer Keshav Mohan, said the application is now listed for hearing on Tuesday.

17 Feb 2015

Sahara moves SC for extension of facilities to Subrata Roy in jail

Supreme Court on Tuesday expressed concern over how Sahara Group would raise money to secure its chief Subrata Roy's release, as the group sought extension of facilities inside Tihar jail premises by four to six weeks to enable him negotiate deals with prospective buyers.

17 Feb 2015

Sahara moves SC for extension of facilities by 6 weeks to Subrata Roy

Sahara Group on Tuesday moved the Supreme Court seeking extension of facilities by six weeks given to its jailed chief Subrata Roy for striking deals with various persons.

11 Feb 2015

Supreme Court asks Sahara to submit fresh fundraising plans

SC has asked conglomerate Sahara to submit a fresh plan for raising funds against its properties after the collapse of negotiations with a U.S.-based firm last week.

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