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Subrata Roy News

20 Nov 2020

Sebi moves SC, wants Subrata Roy in custody for non-payment of of Rs 62K crore

Roy was sent to Tihar Jail in 2014. He came out on parole in 2016. He has been out of prison since then.

31 Jan 2019

SC directs Sahara chief Subrata Roy to appear before it on February 28

Roy has failed to deposit Rs 25,700 crore in the SEBI-Sahara case for returning investors' money.

12 Jul 2018

Sahara SEBI Case: Aamby Valley auction fails to get bids

Subrata Roy-led group managed to bail out of its elite ownership by informing the SC that two firms are willing to pay Rs 1,000 crore for its properties at Vasai in Mumbai.

19 Apr 2018

SC allows Sahara Group to sell properties in any parcel of Aamby Valley

The proceeds from the sale will have to be deposited in SEBI-Sahara refund account.

05 Jan 2018

Tough to maintain Sahara Group's Aamby Valley: Official receiver tells Supreme Court

Subrata Roy, who has spent almost two years in jail, has been on parole since May 6 last year.

23 Nov 2017

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

SC also directed the official liquidator, who has been entrusted with the task of conducting the auction, to take instructions from the company judge or the Bombay High Court.

15 Nov 2017

MCA disqualifies Subrata Roy's son Seemanto as Sahara Housingfina director

Sahara Housingfina said it was brought to its notice through a notification on Corporate Affairs Ministry website pertaining to disqualification of directors of companies who defaulted in filing financial results and annual report in preceding three financial years continuously.

14 Oct 2017

Sahara lawyer says SEBI misled SC on auction process

The lawyer added that in some publications, it was also absolutely wrongfully written that the court warned Subrata Roy whereas there was no such warning.

Aamby valley auction

17 Sep 2017

Just two potential bidders for Rs 37k crore Aamby Valley auction

The auction process has been initiated even as a Mauritius-based investor, Royale Partners Investment Fund, has signed a pact with Sahara offering to invest USD 1.67 billion (over Rs 10,700 crore) in the Aamby Valley project.

11 Sep 2017

SC rejects Sahara's plea for lifting attachment, stopping auction of Aamby Valley

The Supreme Court on Monday rejected a plea by Sahara Group urging it to lift attachment of its Aamby Vally project and permit it to enter into agreement with Royal Partners Investment Fund for selling it 26 per cent stakes in it for $1.6 billion.

14 Aug 2017

Setback for Subrata Roy: Sahara's Aamby Valley up for auction at Rs 37,392 crore reserve price

The Official Liquidator (OL) for the Aamby Valley City in Lonavala has put up a reserve price of Rs 37,392 crore, as part of efforts to partially recover the pending dues to various lenders.

10 Aug 2017

SC rejects Sahara's plea to put on hold Aamby Valley auction

The Supreme Court on Thursday refused to accept Sahara chief Subrata Roy's plea to put on hold the auction process of the group's project Aamby Valley in Pune district of Maharashtra.

09 Aug 2017

Sahara in SC for putting on hold auctioning of Aamby Valley

The apex court had on July 25 asked the embattled Sahara chief to deposit Rs 1,500 crore in the SEBI-Sahara account by September 7 and said that it might then deliberate upon his plea seeking 18 months more time for making complete repayment.

ICICI Prudential Life Insurance

28 Jul 2017

IRDAI asks ICICI Pru to take over Sahara insurance business

Insurance regulator Irdai on Friday asked leading private sector life insurer ICICI Prudential Life Insurance (IPRU) to take over the business of beleaguered Sahara India Life Insurance (SILIC), with effect from July 31.

25 Jul 2017

SC asks Sahara chief to deposit Rs 1,500 crore by September 7

The Supreme Court on Tuesday directed Sahara group chief Subrata Roy to deposit Rs 1,500 crore in the SEBI-Sahara refund account by September seven.

20 Jul 2017

Supreme Court to hear Sahara-SEBI refund dispute on Thursday

In its previous hearing, the apex court gave 15-days time to Roy to deposit Rs. 552 crore in connection with the case.

05 Jul 2017

SC gives no relief to Sahara chief Subrata Roy, refuses to extend deadline for payment of Rs 552 crore

The Supreme Court on Wednesday noted that embattled Sahara chief Subrata Roy has deposited Rs 710.22 crore in the SEBI-Sahara account

19 Jun 2017

SC extends Sahara Chief Subrata Roy's interim bail till July 5

Supreme Court has granted 10 more working days to Sahara chief Subrata Roy to deposit Rs 709.82 crore with the Sahara-SEBI refund account.

12 Jun 2017

IRDAI appoints administrator for Sahara Life Insurance Company

Insurance regulator IRDAI on Monday appointed an administrator to manage Sahara India Life Insurance Company, saying Subrata Roy-run insurer was "acting in manner" prejudicial to interest of subscribers.

27 Apr 2017

SC warns Sahara chief Subrata Roy, says pay the dues or go to jail

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