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Sahara Group

Probes against Sahara group companies will not be impeded by Subrata Roy's death: Corporate affairs ministry

Probes against Sahara group companies will not be impeded by Subrata Roy's death: Corporate affairs ministry

Mon, Dec 11, 2023

In a written reply to the Lok Sabha on Monday, Minister of State for Corporate Affairs Rao Inderjit Singh said the ministry had assigned probes into the affairs of three Sahara Group companies to the Serious Fraud Investigation Office (SFIO) on October 31, 2018.

Sahara matter will continue even after Subrata's death: Sebi chief

Sahara matter will continue even after Subrata's death: Sebi chief

Thu, Nov 16, 2023

Sebi chairperson Madhabi Puri Buch said the Sahara matter will continue for the capital markets regulator even after the death of the group's founder Subrata Roy.

Subrata Roy: Who made it large, drop by drop in good and bad times

Subrata Roy: Who made it large, drop by drop in good and bad times

Wed, Nov 15, 2023

Roy, who died in Mumbai on Tuesday after a prolonged illness at the age of 75, continued to make it large, even while battling it out in courts and before regulators.

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4 Crore Sahara Investors to Receive Refunds? Latest Updates and Analysis

4 Crore Sahara Investors to Receive Refunds? Latest Updates and Analysis

Tue, Jul 18, 2023

How will 4 crore Sahara investors get refund? What is the complete process of refund?

CRCS-Sahara Refund: Check portal link, how to start the refund claim process

CRCS-Sahara Refund: Check portal link, how to start the refund claim process

Tue, Jul 18, 2023

Union Home Minister Amit Shah assured that the depositors would get their refund within 45 days of registering themselves on the portal. In the first phase, around 1.7 crore depositors will receive their refund from Rs 5,000 crore that was granted from the Sahara-Sebi refund account as per the SC direction in March this year.

CRCS-Sahara Refund Portal to help crores of Sahara depositors get refund: Amit Shah

CRCS-Sahara Refund Portal to help crores of Sahara depositors get refund: Amit Shah

Tue, Jul 18, 2023

CRCS-Sahara Refund Portal Launched: Amit Shah launched 'CRCS-Sahara Refund Portal', aimed at refund of hard earned money of crores of depositors in four cooperative societies of Sahara Group in about 45 days.

Sebi issues Rs 6.42-crore demand notice to Sahara group firm, Subrata Roy, others in OFCD issuance case

Sebi issues Rs 6.42-crore demand notice to Sahara group firm, Subrata Roy, others in OFCD issuance case

Thu, Dec 08, 2022

According to Sebi, the subscription towards the OFCDs was solicited by the two companies from the general public throughout the country, without adequately informing them about the risks involved in the instruments.

Sahara-Sebi case: Two Sahara group firms move SC, file contempt plea against market regulator

Sahara-Sebi case: Two Sahara group firms move SC, file contempt plea against market regulator

Wed, Dec 02, 2020

Sahara-Sebi case: Two Sahara group firms have moved the Supreme Court seeking initiation of contempt proceedings against SEBI alleging that the market regulator's demand of Rs 62,602 crore from them was not only contemptuous but a mischievous attempt to overreach the directions of the apex court.

Sebi wants Sahara Group chief Subrata Roy to pay $8.43 bn, says cancel parole if tycoon fails to pay; petition filed with SC

Sebi wants Sahara Group chief Subrata Roy to pay $8.43 bn, says cancel parole if tycoon fails to pay; petition filed with SC

Fri, Nov 20, 2020

Market regulator Securities and Exchange Board of India (SEBI) has petitioned the Supreme Court to direct Sahara Group chief Subrata Roy to pay as much as 626 bn rupees (USD 8.43 billion) immediately or cancel his parole if he doesn't. The court filings were seen by Bloomberg

Sahara Group demands ban on Netfix series 'Bad Boy Billionaires'

Sahara Group demands ban on Netfix series 'Bad Boy Billionaires'

Fri, Oct 23, 2020

Sahara Group on Thursday demanded a ban on new Netflix series 'Bad Boy Billionaires' and asked the streaming platform to take corrective measures to remove "ill-researched and baseless" content, which it alleged was aimed at tarnishing the image of the business house

Airport Authority threatens to seize Sahara's Mumbai hotel

Airport Authority threatens to seize Sahara's Mumbai hotel

Sat, Dec 01, 2018

In yet another blow to the beleaguered Sahara Group, the Airports Authority of India (AAI) has terminated the lease of the posh Hotel Sahara Star and threatened on Friday to seize the prime property situated outside Mumbai Airport.

Big setback for Subrata Roy led Sahara over Rs 14,000 cr case; what Sebi ordered

Big setback for Subrata Roy led Sahara over Rs 14,000 cr case; what Sebi ordered

Fri, Nov 02, 2018

Sebi found that Sahara India Commercial Corporation (SICCL) had made an offer of OFCDs in financial years 1998-2009 and raised an amount of at least Rs 14,106 crore from 1,98,39,939 investors. The regulator, in 2011, already ordered two Sahara group firms -- Sahara India Real Estate Corporation Ltd (SIRECL) and Sahara Housing Investment Corporation Ltd (SHICL) -- to refund the money raised from investors through OFCD route.

Subrata Roy's Sahara Group says sees ray of hope as SC allows Aamby Valley operations to start

Subrata Roy's Sahara Group says sees ray of hope as SC allows Aamby Valley operations to start

Sun, Jul 15, 2018

Sahara Group has hinted at a comeback and not just that, it is reportedly gunning for primacy in India in the coming two years.

No takers for Subrata Roy led Sahara Group's Aamby Valley properties: Liquidator to SC

No takers for Subrata Roy led Sahara Group's Aamby Valley properties: Liquidator to SC

Fri, Jul 13, 2018

The bench, which also comprised Justices Ranjan Gogoi and A K Sikri, then agreed to the submission of senior advocate Vikas Singh, the counsel for Sahara Group, that the court-appointed receiver of the Aamby Valley properties and the Official Liquidator be discharged of their duties.

Sahara Group to make comeback? Subrata Roy led firm unveils road map; pegs losses at Rs 10,000 cr

Sahara Group to make comeback? Subrata Roy led firm unveils road map; pegs losses at Rs 10,000 cr

Mon, Jul 02, 2018

Sahara Group chief Subrata Roy has been battling a case in Supreme Court regarding his company not refunding about Rs 24,000 crore deposits to investors.

Now, Subrata Roy led Sahara Group gets this new deadline to sell Aamby Valley property

Now, Subrata Roy led Sahara Group gets this new deadline to sell Aamby Valley property

Thu, Apr 19, 2018

The Supreme Court today allowed the Subrata Roy led Sahara Group to choose any parcel of its property in the Aamby Valley city project in Maharashtra and sell them by May 15 and deposit the proceeds with the SEBI-Sahara refund account.

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

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

Thu, Nov 23, 2017

The Supreme Court today directed official Receiver of the Bombay High Court to help the Liquidator in getting the Sahara Group's Aamby Valley property auctioned.

IRDAI decision against Sahara India Life raises several questions

IRDAI decision against Sahara India Life raises several questions

Sun, Jul 30, 2017

On the insurance regulator`s serious charge that Rs 78 crore has been siphoned off, industry officials ask what action have the IRDAI or the administrator appointed by it in June 2017 taken in that regard.

IRDAI asks ICICI Prudential to take over Sahara insurance business

IRDAI asks ICICI Prudential to take over Sahara insurance business

Sat, Jul 29, 2017

Embattled Sahara group chairman Subrata Roy had met Irdai chairman to seek more time to resolve the crisis at his life insurance arm on July 24. ICICI Prudential had submitted a valuation report to the regulator to take over the company on the same day.

Supreme Court approves term for Sahara's Aamby Valley auction

Supreme Court approves term for Sahara's Aamby Valley auction

Tue, Jul 25, 2017

SC asked Bombay HC official liquidator to proceed with publication of sale notice of Sahara's prime Aamby Valley properties.

Sahara short of Rs 9,000 crore of Rs 24,000 crore principal amount

Sahara short of Rs 9,000 crore of Rs 24,000 crore principal amount

Wed, Jul 05, 2017

The apex court had given them the time till today to deposit Rs 1500 crore, as during the previous hearing, Sahara Group had deposited Rs 790.18 crore and were to pay the balance of Rs 709.82 crore.

ICICI Prudential keen to buy Sahara Life Insurance

ICICI Prudential keen to buy Sahara Life Insurance

Tue, Jul 04, 2017

Sahara Life had sold 665 policies worth Rs 1.53 crore during the April-May period of the current fiscal. The company had collected a premium worth Rs 44.68 crore from 16,058 customers in 2016-17.

Supreme Court grants Subrata Roy 10 more days to deposit Rs 709.82 crore

Supreme Court grants Subrata Roy 10 more days to deposit Rs 709.82 crore

Mon, Jun 19, 2017

A bench comprising Justices Dipak Misra and Ranjan Gogoi considered the submissions of senior advocate Kapil Sibal, appearing for Roy, that Rs 790.18 have been already been deposited with the SEBI-Sahara account and 10 more working days be granted for submission of the remainder.

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