Sahara Group to sell 4,700 acres of land across India, expected to earn Rs 6,500 crore
Supreme Court restricts Sahara's Subrata Roy from flying abroad and selling properties, citing undervalued assets in OFCD refund case.
The Supreme Court of India will review Sahara Group's petition regarding restrictions on CEO Subrata Roy, who is barred from leaving the country until property deeds are submitted.
Sahara Group approached the Supreme Court of India, asserting an error in the order restricting Subrata Roy from leaving the country until property deeds are given to SEBI.
The Supreme Court of India has denied Sahara Chief Subrata Roy's request to leave the country amid a review petition regarding travel restrictions.
The Supreme Court of India mandates Sahara Group to transfer property deeds worth Rs 20,000 to SEBI, amid ongoing disputes regarding refunds to investors.
The Supreme Court has halted proceedings regarding Sahara firms' pleas as it reviews SEBI's request, transferring all related cases to itself.
Despite facing regulatory challenges, Sahara Group has purchased approximately 25 acres of land in Whitefield, Bangalore for ₹149 crore, with plans for commercial or hotel development.
SEBI files petition with Supreme Court to hear all cases against Sahara firms and its chief, seeking to transfer cases from other courts and prevent further entertaining of applications by the firms.
SC asks Sahara firms & Subrata Roy to reply to SEBI's contempt petition within a week, regarding non-repayment of ₹24,000 Cr to investors.
Sahara Group's Subrata Roy invites SEBI for a televised debate over alleged irregularities in bond sales, claiming compliance and transparency amid ongoing disputes since 2008.
SEBI seeks Supreme Court's permission to arrest Sahara Group's Subrata Roy and two directors for non-compliance with August 31 order to refund Rs.24,000 Cr to investors.
SEBI warns public against dealings with two Sahara Group firms due to property attachments. Movable and immovable properties of Sahara India Real Estate Corp Ltd and Sahara Housing Investment Corp Ltd, including those of three promoters, are attached. Investors cautioned against business relations.
Real estate experts express concerns as political shifts may favor Lucknow over Noida, impacting land acquisition and development in Uttar Pradesh.
Sahara India Group, valued at over $50 billion, explores UAE projects in various sectors, including real estate, media, and tourism, seeking investment opportunities.