May 16, 2018 4:59 pm
The auction process for the Sahara group's prime Aamby Valley properties would continue as it has failed to deposit Rs 750 crore in the SEBI-Sahara refund account, the Supreme Court held on Wednesday.
April 19, 2018 10:11 pm
A special bench headed by Chief Justice Dipak Misra considered the submission of senior advocate Vikas Singh, representing Subrata Roy and the Sahara group, that they be allowed to sell the properties on their own as auctioning would not fetch the desired price.
September 11, 2017 10:48 am
Aamby Valley sale: The claim was submitted to the official liquidator on April 26, after the Supreme Court ordered the auction of Aamby Valley in February for non-submission of over Rs 5,092 crore by the Sahara Group.
August 14, 2017 12:37 pm
The property to be auctioned is an integrated hill city township spread over 6761.6 acres, and two land parcels of 1409.8 acres and 321.6 acres.
August 10, 2017 4:53 pm
On July 25, the apex court had asked Roy to deposit Rs 1,500 crore in the Sebi-Sahara account, for repaying depositors, by September 7.
August 10, 2017 11:07 am
The counsel, said the group had an alternate payment plan to offer and requested the court to put the auctioning process for Aamby Valley in Pune on hold. On July 25, the apex court had asked Roy to deposit Rs 1,500 crore in the Sebi-Sahara account, for repaying depositors, by September 7.
August 09, 2017 2:22 pm
Directing the sum be deposited by September 7, the court had permitted Subrata Roy to place before them a reasonable plan for the payment of balance amount over a period of 18 months - as he had himself sought.
March 02, 2016 12:37 am
Aamby Valley—the Subrata Roy-owned Sahara group’s sprawling luxury township—is located close to Lonavala and is spread over 10,000 acres.
March 24, 2015 1:39 am
Sahara has made several failed attempts to raise $1.6 billion in bail money.
February 25, 2014 1:42 am
Maritime Energy Heli Air Services Pvt Ltd, the private operator, will start taking bookings on this sector and launch services on March 10.