Sahara

SICCL has sought permission to sell various properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Private Limited.

Supreme Court allows fresh release of Rs 5,000 crore from Sebi-Sahara fund for depositors; payment deadline extended to Dec 2026

In making its decision, the bench referred to the March 2023 order, when a coordinate bench had similarly directed release of Rs 5,000 crores, noting that Rs 24,979.67 crores were lying unutilized in the “Sahara-SEBI Refund Account.”

Setback for Oberoi Realty as SC stays Sahara's Versova land development over environmental, valuation concerns

The court also ordered that the Rs 1,000 crore that Oberoi Realty had deposited with the court due to its interest in the project should be returned with interest

Amit Shah says 2.5 lakh investors in Sahara cooperatives have got refund worth Rs 241 cr so far

In March last year, the Supreme Court directed transferring Rs 5,000 crore from Sahara-Sebi refund account to the Central Registrar of Cooperative Societies (CRCS).

The Sahara Desert used to be a green savannah – new research explains why

Every 21,000 years, the earth 'wobbles' on its axis, making summers warmer and monsoons stronger in the northern hemisphere. Scientists have found evidence that every 21,000 years for the last 8 million years, this wobble has caused 'greening' in the Sahara Desert.

Sahara matter regarding conduct of an entity, will continue even after Subrata Roy's death: SEBI chief

The undistributed funds totalling over Rs 25,000 crore lying with the capital markets regulator's account came back into focus after Roy's demise.

When Sahara's Subrata Roy realised that 'life in jail can be painful and lonely'

Sahara Group founder Subrata Roy wrote that during his time in Tihar jail, thoughts like ‘Why me?’, ‘What have I done wrong to deserve this?’ often raced through his mind.

SC allows Centre's plea seeking Rs 5,000 crore from SEBI-Sahara fund to repay depositors

The direction came on an application filed by the Centre in a PIL by a person, named Pinak Pani Mohanty, who sought a direction to pay the amount to the depositors who invested in several chit fund companies and Sahara credit firms.

SEBI to banks: Attach accounts and lockers of Sahara group firms, chief Subrata Roy

The banks have been directed to restrict all debit transactions from the accounts. However, credit transactions, if any, are to be permitted.

Sebi's refund to Sahara investors reach Rs 138 crore since 2012

In its annual report, the regulator said that it received 19,650 applications as of March 31, 2022, involving total refund claims of Rs 82.31 crore.

What is an aardvark? All about this African creature born in UK zoo after 90 years

Aardvarks are native to sub-Saharan Africa and the name means "earth pig" in the language of Afrikaans.

SEBI-Sahara case: SC exempts Sahara group chief Subrata Roy from personal appearance

A bench, comprising Chief Justice S A Bobde and Justices B R Gavai and Surya Kant Friday, took note of the plea of senior advocate Vikas Singh, appearing for Roy, and granted them exemption from personal appearance.

Credit goes to Mukherjee, Chidambaram and Jaitley for strong action against Sahara: Sebi ex-chief Sinha

In his new book 'Going Public: My Time at Sebi', Sinha has said that the Sahara case attracted substantial media attention and political leaders across the party took keen interest in the matter.

SEBI says Rs 106 cr refunded to Sahara investors; co wants 'idle' money back

Sahara group said this only validates its long-maintained stand that more than 95 per cent investors were already repaid directly by it and the money deposited by it with Sebi for refunds amounted to 'double payment'. The group said the 'idle' money lying with Sebi should be returned to it so that it can use the same for business expansion and for creating jobs.

NCLAT upholds insolvency proceedings against Sahara Q Shop

In December 21, 2018 the government had informed that the Serious Fraud Investigation Office (SFIO) is probing Sahara group firm Sahara Q Shop Unique Products Range Ltd after receiving 744 complaints against the company.

SFIO probing Sahara Q Shop after govt received 744 complaints: Minister

To a query on whether the government has received several complaints against Sahara Q, Minister of State for Finance Pon Radhakrishnan replied in the affirmative.

SEBI's fresh Rs 14,000-cr refund order for Sahara group firm amount to 'double payment'

"On our part, everything was done as per law and with all the necessary permissions from the government authorities," Sahara group said.

SAT allows Sahara to withdraw appeal against Sebi order in MF matter

"Appellants are permitted to withdraw the appeal with liberty to file fresh appeal," SAT said in an order.

SC allows Sahara Group to sell part of Aamby Valley to avoid full auction

A special bench headed by Chief Justice Dipak Misra made it clear that if the Sahara Group fails to sell its property by May 15, the Bombay High Court's official liquidator will proceed with the proposed auctioning process to sell the property.

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

A bench comprising Chief Justice Dipak Misra and Justices Ranjan Gogoi and A K Sikri also asked the official liquidator of the Bombay High Court to take the help of the Receiver and ensure that the Aamby Valley properties are auctioned.

What changed for the market while you were sleeping? 20 things you should know

A look at top cues from domestic and international cues that could have a bearing on D-Street.

SEBI files contempt-of-court proceedings in SC against Sahara

SEBI alleges that the company attempts to disrupt auction proceedings of their Pune based property, Aamby Valley.

Sebi moves contempt plea against Sahara for obstructing Aamby Valley auction

Earlier, only two potential bidders were believed to have shown initial interest for embattled Sahara group's super luxurious Aamby Valley resort town, which has been put up for a Supreme Court ordered auction by the official liquidator at a reserve price of Rs 37,392 crore.

Middle East giant in talks to buy Sahara's billion-dollar US hotels

Sahara holds 85 per cent in New York's Dream Downtown hotel and 70 per cent in the Plaza.