Sahara firm seeks SC nod for sale of group’s assets to Adani properties

Sahara firm seeks SC nod for sale of group’s assets to Adani properties

The Sahara India Commercial Corporation Ltd (SICCL) has moved the Supreme Court seeking its permission to sell various properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Private Limited. The plea, which was mentioned for hearing recently, would likely come up on October 14. Seeking the permission, the plea filed […]

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SC allows Centre’s plea seeking ₹5,000 cr from SEBI-Sahara fund to repay depositors

SC allows Centre’s plea seeking ₹5,000 cr from SEBI-Sahara fund to repay depositors

The logo of the Securities and Exchange Board of India (SEBI) is pictured on the premises of its headquarters in Mumbai. File The Supreme Court on March 29 allowed a plea by the Centre seeking allocation of ₹5,000 crore out of ₹24,000 crore deposited by the Sahara group with market regulator SEBI to repay its […]

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SEBI orders attachment of bank, demat accounts of Sahara group firm, Subrata Roy, others

SEBI orders attachment of bank, demat accounts of Sahara group firm, Subrata Roy, others

SEBI on December 26 ordered the attachment of bank and demat accounts of Sahara Group firm, its chief Subrata Roy and others to recover ₹6.42 crore for violating regulatory norms in the issuance of optionally fully convertible debentures (OFCDs). The recovery proceedings against five entities—Sahara India Real Estate Corporation (now known as Sahara Commodity Services […]

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Morning Digest: PM Modi says India will support democracy, stability in Sri Lanka; fresh suit admitted in Mathura temple-mosque row, and more

Morning Digest: PM Modi says India will support democracy, stability in Sri Lanka; fresh suit admitted in Mathura temple-mosque row, and more

India will support democracy, stability in Sri Lanka: Modi Prime Minister Narendra Modi said on Thursday that India will continue to stand with the people of Sri Lanka and support democracy, stability and economic recovery in the neighbouring country. Shahi Idgah mosque-Shri Krishna Janmabhoomi dispute: fresh plea admitted A civil judge in Mathura, who began […]

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