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Subrata Roy News

16 Nov 2023

Sahara Matter Will Continue Even After Subrata Roy's Death: Sebi Chief

Roy, the controversial founder of the group, died on Tuesday after a prolonged illness.

Subrata Roy Death news

15 Nov 2023

Sahara Group Chairman Subrata Roy has passed away

Subrata Roy Sahara Dies: Sahara Group Chairman Subrata Roy has passed away. Let us tell you that Subrata Roy died in Mumbai. He breathed his last at the age of 75. His mortal remains will be brought to Lucknow for the last rites today.

Subrata Roy Death

15 Nov 2023

Sahara Group Founder's Death: Subrata Roy Was Suffering From THESE Ailments

Roy has been battling complications arising from metastatic malignancy, hypertension, and diabetes He was admitted to the Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute in Mumbai From former UP CM Akhilesh Yadav to cricketer Suresh Raina, many people paid tribute to Roy following his death

Subrata Roy Death news

14 Nov 2023

Sahara Group chief Subrata Roy passes away

Sahara Group Chairman Subrata Roy has passed away. There is a wave of mourning in the industry due to the demise of Subrata Roy. Subrata Roy died in Mumbai. He breathed his last at the age of 75.

11 Aug 2023

One Who Grew To Become One Of The Most Powerful Indians But EndedUp Losing All

The group encountered a regulatory barrier for the first time in 2008. The same year, Sahara Financial Corporation received a directive from the Reserve Bank of India (RBI) to stop accepting new deposits. It was a significant setback since it might have severely hampered the cash flow of other group companies that were having trouble turning a profit.

20 Nov 2020

Sebi moves SC, wants Subrata Roy in custody for non-payment of of Rs 62K crore

Roy was sent to Tihar Jail in 2014. He came out on parole in 2016. He has been out of prison since then.

31 Jan 2019

SC directs Sahara chief Subrata Roy to appear before it on February 28

Roy has failed to deposit Rs 25,700 crore in the SEBI-Sahara case for returning investors' money.

12 Jul 2018

Sahara SEBI Case: Aamby Valley auction fails to get bids

Subrata Roy-led group managed to bail out of its elite ownership by informing the SC that two firms are willing to pay Rs 1,000 crore for its properties at Vasai in Mumbai.

19 Apr 2018

SC allows Sahara Group to sell properties in any parcel of Aamby Valley

The proceeds from the sale will have to be deposited in SEBI-Sahara refund account.

05 Jan 2018

Tough to maintain Sahara Group's Aamby Valley: Official receiver tells Supreme Court

Subrata Roy, who has spent almost two years in jail, has been on parole since May 6 last year.

23 Nov 2017

SC asks Bombay HC Receiver to auction Sahara's Aamby Valley

SC also directed the official liquidator, who has been entrusted with the task of conducting the auction, to take instructions from the company judge or the Bombay High Court.

15 Nov 2017

MCA disqualifies Subrata Roy's son Seemanto as Sahara Housingfina director

Sahara Housingfina said it was brought to its notice through a notification on Corporate Affairs Ministry website pertaining to disqualification of directors of companies who defaulted in filing financial results and annual report in preceding three financial years continuously.

14 Oct 2017

Sahara lawyer says SEBI misled SC on auction process

The lawyer added that in some publications, it was also absolutely wrongfully written that the court warned Subrata Roy whereas there was no such warning.

Aamby valley auction

17 Sep 2017

Just two potential bidders for Rs 37k crore Aamby Valley auction

The auction process has been initiated even as a Mauritius-based investor, Royale Partners Investment Fund, has signed a pact with Sahara offering to invest USD 1.67 billion (over Rs 10,700 crore) in the Aamby Valley project.

11 Sep 2017

SC rejects Sahara's plea for lifting attachment, stopping auction of Aamby Valley

The Supreme Court on Monday rejected a plea by Sahara Group urging it to lift attachment of its Aamby Vally project and permit it to enter into agreement with Royal Partners Investment Fund for selling it 26 per cent stakes in it for $1.6 billion.

14 Aug 2017

Setback for Subrata Roy: Sahara's Aamby Valley up for auction at Rs 37,392 crore reserve price

The Official Liquidator (OL) for the Aamby Valley City in Lonavala has put up a reserve price of Rs 37,392 crore, as part of efforts to partially recover the pending dues to various lenders.

10 Aug 2017

SC rejects Sahara's plea to put on hold Aamby Valley auction

The Supreme Court on Thursday refused to accept Sahara chief Subrata Roy's plea to put on hold the auction process of the group's project Aamby Valley in Pune district of Maharashtra.

09 Aug 2017

Sahara in SC for putting on hold auctioning of Aamby Valley

The apex court had on July 25 asked the embattled Sahara chief to deposit Rs 1,500 crore in the SEBI-Sahara account by September 7 and said that it might then deliberate upon his plea seeking 18 months more time for making complete repayment.

ICICI Prudential Life Insurance

28 Jul 2017

IRDAI asks ICICI Pru to take over Sahara insurance business

Insurance regulator Irdai on Friday asked leading private sector life insurer ICICI Prudential Life Insurance (IPRU) to take over the business of beleaguered Sahara India Life Insurance (SILIC), with effect from July 31.

25 Jul 2017

SC asks Sahara chief to deposit Rs 1,500 crore by September 7

The Supreme Court on Tuesday directed Sahara group chief Subrata Roy to deposit Rs 1,500 crore in the SEBI-Sahara refund account by September seven.

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