Latest Realty News

Subrata Roy seeks modification of SC order for his release
Apr 05, 2014
DELHI: Sahara chief Subrata Roy Thursday sought modification of the Supreme Court's March 26 order setting a condition of depositing Rs.10,000 crore, as a part payment of the investors' money that the group's two companies had collected, for his release from judicial custody.
Sahara India Real Estate Corporation Limited,Sahara Housing Investment Corporation Limited
Mar 27, 2014
DELHI: The Supreme Court Wednesday asked Sahara Group chief Subrata Roy to deposit Rs.10,000 crore with the market regulator SEBI for his release on interim bail from judicial custody.
SC to take up Sahara repayment proposal today
Mar 26, 2014
DELHI: Sahara India Real Estate Corporation and Sahara Housing Investment Corporation, the two Sahara group companies under pressure from the Supreme Court to return money to millions of investors, on Tuesday offered another schedule for the repayment. The Supreme Court will take up the new proposal on Wednesday afternoon.
SC to Hear Sahara Chief's Plea Today
Mar 13, 2014
DELHI: A two-member Supreme Court Bench will on Thursday take up a petition filed by Sahara chief Subrata Roy demanding his immediate release on the grounds that his detention is illegal and unconstitutional. “Declare the order dated March 4 as void, nullity and non-est in the eyes of law,” said the habeas corpus filed on Wednesday.
SC to Hear Sahara Plea Thursday
Mar 13, 2014
DELHI: The Supreme Court will Thursday hear the plea by Sahara group chief Subrata Roy challenging the court's March 4 order sending him to judicial custody, which he described as illegal.
Roy's sons quit firm days before bond issue
Mar 12, 2014
DELHI: Sahara chief Subrata Roy’s sons, Sushanto and Seemanto, resigned from the board of Sahara India Real Estate Corp Ltd (SIRECL) days before the company issued its prospectus for the bonds that landed their father in jail.
Sahara companies gave each other Rs 16,000 crore in cash
Mar 12, 2014
DELHI: Asked by the Supreme Court to give bank transaction details of Rs 20,000-odd crore they claimed to have refunded to investors, Sahara group companies on Tuesday said they had transferred cash from one company to the other and had not resorted to banking instruments.
Subrata Roy sent to jail, courtesy the mysterious Mr Roshan Lal
Mar 12, 2014
DELHI: In the Sahara group's Subrata Roy case, the angle of political or corporate rivalry behind the case has always existed.
Sebi-Sahara case: A saga of big numbers and innocuous names
Mar 01, 2014
LUCKNOW: It was an innocuous-looking complaint by one ‘Roshan Lal’ four years and four months ago that sent watchdog Sebi on trail of “various illegalities” committed by Sahara group in raising over Rs 24,000 crore from more than three crore investors.
Sahara chief moves apex court for cancellation of NBW against him
Feb 28, 2014
DELHI: Sahara Chief Subrata Roy today moved to Supreme Court seeking cancellation of non-bailable arrest warrant issued against him and undertook to appear before it on March 4.
Supreme Court orders arrest of Sahara boss Subrata Roy
Feb 27, 2014
NEW DELHI/MUMBAI: In more trouble for Sahara chief Subrata Roy, the Supreme Court on Wednesday ordered his arrest following his failure to appear before it in a contempt case arising out of non refund of Rs 20,000 crore to investors by two of his companies.
Sebi relies on Sahara order to nail fraudsters
Feb 24, 2014
DELHI: Sebi may still be fighting a legal battle to make Sahara pay over Rs 20,000 crore for refund to investors, but the regulator has cited Supreme Court order in this high-profile case to bring to book operators of at least five illicit money-pooling schemes.
Sahara gets stay on book release, files Rs 200-cr defamation suit against author
Jan 14, 2014
MUMBAI: The Sahara group is trying its best to ensure that a still-to-be-released book, Sahara: The Untold Story, remains just that - untold. That's because the group has got an ex-parte stay from the Calcutta High Court on the release of the book, written by business journalist, Tamal Bandyopadhyay and being published by Jaico Books.
SC retains bar on Subrata Roy's foreign trips
Jan 10, 2014
DELHI: Retaining the bar on Sahara group chief Subrata Roy's visits abroad, the Supreme Court on Thursday asked his two real estate companies to disclose in two weeks the source of the Rs 20,000 crore these claimed to have refunded to the investors in their optionally fully-convertible debentures (OFCDs).
Subrata Roy moves SC for permission to go abroad
Jan 04, 2014
DELHI: Sahara Group chief Subrata Roy, who has been restrained from going abroad for failing to refund Rs. 20,000 crore investors' money, today moved the Supreme Court seeking its permission to go overseas for business purposes.
SC sends contempt notice to Subrata Roy
Dec 10, 2013
DELHI: The Supreme Court on Monday asked Sahara group head Subrata Roy and two others why contempt proceedings be not initiated against them for allegedly trying to browbeat a senior Enforcement Directorate official who was investigating a maze of alleged illegal financial transactions of the group running into hundreds of crores of rupees, some of which related to the 2G spectrum scam.
Sahara urges Sebi to verify repayments to investors
Mar 05, 2013
NEW DELHI: Caught in a legal battle with Sebi and directed by the Supreme Court (SC) to refund Rs 19,000 crore to investors by depositing this amount with the market regulator, Sahara has asked for the appointment of a credible agency to verify the authenticity of claims of repayment made by the two Sahara companies - Sahara India Real Estate Corporation and Sahara Housing Investment Corporation.
Will refund Rs 24,000 crore to investors in 3 months: Sahara to Supreme Court
Sep 30, 2012
NEW DELHI: Sahara Group on Friday assured the Supreme Court that its two companies which had raised Rs 24,000 crore through Optionally Fully Convertible Debentures ( OFCDs) from their investors will refund the amount within three months. "We will refund the amount. There is no question of going back," senior advocate Gopal Subramaniam, appearing for the company, told a bench headed by Justice
Sahara India to pump Rs 3,000 crore in its retail venture
Aug 13, 2012
NEW DELHI: Sahara India today announced Rs 3,000 crore investment for its retail venture, while setting an ambitious revenue target of around Rs 50,000 crore after two years. The group claimed that it will open around 1,000 retail outlets under the 'Sahara Q Shop' brand initially in five states covering 60 cities and towns by 2013. The initiative will kick off from August 15. "The company h

Latest Realty News Of State

Realty Talk's