While hearings will continue on the lawsuit, the Supreme Court of the State of New York has said that "the application of plaintiff JTS Trading Ltd for a pre-judgement order of attachment is denied".
The Subrata Roy-owned company is hoping to raise over USD 750 million for Roy's bail.
Grosvenor House, a landmark property on Park Lane here, is one of the three marquee hotels owned by Sahara outside India, the other two being Plaza and Dream Downtown in New York.
Subrato Roy, head of the Sahara Group, today said that they will make a bid for the Taj Mansingh Hotel if it is put up for sale.