Sahara Group
Spain’s BBVA denies offering any credit line to Sahara
26 Mar 2015
A rescue plan for Indian conglomerate Sahara was again scuppered on Wednesday after Spanish bank BBVA denied offering a credit line to the group, as Sahara had claimed.
Sahara gets another 3 months to raise bail money for Subrata Roy
23 Mar 2015
The Supreme Court has allowed Sahara to sell 10 more properties in India to raise the Rs10,000 crore as the planned mortgage of its three overseas hotel properties is now estimated to yield only around Rs4,000 crore
SC gives Sahara last chance to raise money for Subrata bail
14 Mar 2015
The Supreme Court was threating to 'alienate' Sahara Group's propertie for takeover for sale, but give it a last chance to raise Rs10,000 crore to secure bail for its chief Subrata Roy
Bank of China takes control of Sahara’s Grosvenor House to recover loans
03 Mar 2015
Bank of China has appointed Deloitte to administer Sahara properties after "it defaulted on debts tied to the hotel", according to a report in the Daily Telegraph
SC admits RBI plea against Sahara; bars jail facilities for Roy
25 Feb 2015
The SC said that it had asked Sahara to pay the amount to the Securities & Exchange Board of India, and never directed it to repay investors directly
Mirach says Sahara deliberately blocking sale of assets
06 Feb 2015
Mirach, which was floated only weeks ago to facilitate a structured deal between unnamed investors and Sahara, alleged that members of the Sahara Group violated the exclusivity agreement
Sebi in fresh bid to locate Sahara investors
20 Jan 2015
Mirach Capital eyes Sahara hotels in $2 bn bailout for Subrata Roy
20 Jan 2015
A US-based investment vehicle, Mirach Capital Group, is offering a $2-billion loan against Sahara India’s landmark hotel assets like New York`s Plaza, to secure bail for Subrata Roy
Sahara chief Subrata Roy back at Tihar jail’s special facility again
14 Jan 2015
Subrata Roy, 66, who has been lodged in Tihar jail for over nine months for failure to refund over Rs20,000 crore of deposits collected from investors, has been allowed to use of facility till 22 February
Sahara spends Rs31 lakh on Roy’s failed 5-star Tihar negotiations
01 Nov 2014
The Sahara group paid Rs31lakh on its chairman Subrata Roy’s stay in an air-conditioned conference room with services such as telephone, internet and video conferencing facility in Delhi’s Tihar Jail
SC declines bail for Subrata Roy to attend aunt’s funeral; hotel deal hangs
04 Oct 2014
The Supreme Court on Friday declined to give an urgent hearing to a bail plea by jailed Sahara group chief Subrata Roy, to attend the cremation and perform last rites of his aunt who died on Thursday
SC grants Subrata Roy another 15 days to seal hotel sales
08 Sep 2014
The Supreme Court had earlier allowed the Sahara chief to use the conference hall in Tihar jail for negotiations till 9 September
Sahara to mortgage hotels to raise $1.7 bn bail money for chief Subrata Roy
06 Sep 2014
Roy on Friday told the Supreme Court that a deal he had struck with the Sultan of Brunei for sale of his three hotels in London and New York was in danger of getting cancelled due to a media leak
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