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Subrata Roy

From Ambanis to Hindujas: Top 10 most extravagant weddings of all time

According to media reports, the estimated costs of these weddings start from Rs 100 crore and go up to Rs 700 crore

From Ambanis to Hindujas: Top 10 most extravagant weddings of all time
Updated On : 11 Jul 2024 | 11:47 PM IST

Centre to move SC again to get funds from Sahara Group to repay investors

The cooperation ministry has also launched a portal where investors can make an application to get their money stuck in societies

Centre to move SC again to get funds from Sahara Group to repay investors
Updated On : 20 Dec 2023 | 10:41 PM IST

Sahara-Sebi refund account may be transferred to govt, says report

The funds are expected to be used for pro-poor programmes or public welfare, the report stated

Sahara-Sebi refund account may be transferred to govt, says report
Updated On : 20 Nov 2023 | 1:38 PM IST

The shocking story of Sahara

At its peak, Sahara Parivar claimed a payroll strength of over 1.2 million workers, next only to the Indian Railways

The shocking story of Sahara
Updated On : 19 Nov 2023 | 10:18 PM IST

Legal proceedings against Sahara group to continue: Sebi chairperson

Case is against group or entities and not against one individual, says market regulator after death of Subrata Roy

Legal proceedings against Sahara group to continue: Sebi chairperson
Updated On : 16 Nov 2023 | 11:55 PM IST
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TMSEp565: Extension of PMGKAY, Subrata Roy, primary market, PMPVTG Mission

What are the implications of extending PMGKAY? What led to the rise and fall of Sahara's Subrata Roy? How will the IPO market shape up in new Samvat? What is PMPVTG Development Mission? Answers here

TMSEp565: Extension of PMGKAY, Subrata Roy, primary market, PMPVTG Mission
Updated On : 16 Nov 2023 | 9:17 PM IST

Subrata Roy: Lucknow mourns the passing of its most famous biz leader

People from all walks of life condoled his death, with many including UP Chief Minister Yogi Adityanath paying tribute on social media

Subrata Roy: Lucknow mourns the passing of its most famous biz leader
Updated On : 15 Nov 2023 | 11:30 PM IST

From Lambretta to Aamby Valley Project: The rise and fall of Subrata Roy

With Subrata Roy's death, a chapter of financial violations, described by many as one of India's biggest Ponzi schemes, comes to an end

From Lambretta to Aamby Valley Project: The rise and fall of Subrata Roy
Updated On : 15 Nov 2023 | 10:38 PM IST

Funds over Rs 25,000 cr with Sebi in focus after Subrata Roy's death

The undistributed funds totalling over Rs 25,000 crore lying with the capital markets regulator Sebi's account have come back into focus after the demise of Sahara Group's chief Subrata Roy. Roy passed away in Mumbai on Tuesday night at the age of 75 after battling a prolonged illness. He faced multiple regulatory and legal battles in connection with his group firms that were accused of circumventing regulations with Ponzi schemes, allegations his group always denied. In 2011, capital markets regulator Sebi ordered two Sahara Group firms -- Sahara India Real Estate Corporation Ltd (SIREL) and Sahara Housing Investment Corporation Ltd (SHICL) -- to refund the money raised from nearly 3 crore investors through certain bonds known as Optionally Fully Convertible Bonds (OFCDs). This order came after the regulator ruled that the funds were raised by the two firms in violation of its rules and regulations. After a long process of appeals and cross-appeals, the Supreme Court on August 31

Funds over Rs 25,000 cr with Sebi in focus after Subrata Roy's death
Updated On : 15 Nov 2023 | 11:24 AM IST

Sahara Group chief Subrata Roy dies of cardiorespiratory arrest at 75

According to the company statement, he was admitted to the Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute in Mumbai on Sunday after his health deteriorated

Sahara Group chief Subrata Roy dies of cardiorespiratory arrest at 75
Updated On : 15 Nov 2023 | 9:02 AM IST

OFCD case: Sebi orders attachment of Subrata Roy's bank, demat accounts

Sebi on Wednesday ordered the attachment of bank and demat accounts of Sahara Group chief Subrata Roy and three others to recover Rs 6.48 crore for violating regulatory norms by two group companies. The recovery proceedings have been initiated against these four persons for violating regulatory norms in the issuance of optionally fully convertible debentures (OFCDs) by two group companies. Apart from Sahara, others whose bank and demat accounts were attached are Ashok Roy Choudhary, Ravi Shanker Dubey and Vandana Bharrgava. The recovery proceedings have been initiated against these four persons to recover Rs 6.48 crore, which includes all costs, interests, charges and expenses etc, the Securities and Exchange Board of India (Sebi) said in the attachment order. In its notice, Sebi has directed all banks to attach all accounts, including lockers, of these four persons. All banks, depositories and mutual funds have been directed not to allow any debit from accounts of these four pers

OFCD case: Sebi orders attachment of Subrata Roy's bank, demat accounts
Updated On : 01 Feb 2023 | 5:36 PM IST

OFCD issuance case: Sebi issues notice to Sahara Group firm, others

The notice came after the entities failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi)

OFCD issuance case: Sebi issues notice to Sahara Group firm, others
Updated On : 12 Jan 2023 | 7:23 PM IST

SC sets aside Patna HC order summoning Sahara group chief Subrata Roy

The High Court (HC) had asked Sahara to convey a plan for refunding the matured deposits of investors

SC sets aside Patna HC order summoning Sahara group chief Subrata Roy
Updated On : 15 Jul 2022 | 2:30 AM IST

SC sets aside Patna HC order asking Sahara chief to appear before it

The Supreme Court on Thursday set aside the Patna High Court orders in an anticipatory bail case including the one directing Sahara Group chief Subrata Roy to appear before it

SC sets aside Patna HC order asking Sahara chief to appear before it
Updated On : 14 Jul 2022 | 1:22 PM IST

Supreme Court to hear Subrata Roy's plea against Patna HC order on July 13

A bench of Justices A M Khanwilkar, J B Pardiwala passed the order while taking into account the request made by the Bihar government's counsel who said state needed time to file a counter-affidavit

Supreme Court to hear Subrata Roy's plea against Patna HC order on July 13
Updated On : 20 May 2022 | 11:46 PM IST

SC stays HC order directing Bihar DGP to produce Sahara chief before it

Supreme Court stayed Patna High Court order directing DGP, Bihar, to produce Sahara Group chief Subrata Roy before it on May 16 in a matter

SC stays HC order directing Bihar DGP to produce Sahara chief before it
Updated On : 13 May 2022 | 5:08 PM IST

Patna High Court issues arrest warrant against Sahara chief Subrata Roy

The Patna High Court on Friday issued an arrest warrant against Sahara India chairman Subrata Roy after he failed to appear before it despite repeated summons

Patna High Court issues arrest warrant against Sahara chief Subrata Roy
Updated On : 13 May 2022 | 4:33 PM IST

FIR registered in Kanpur against Sahara chief Subrata Roy, family members

The case was registered at Kakadeo police station on Sunday

FIR registered in Kanpur against Sahara chief Subrata Roy, family members
Updated On : 30 Nov 2021 | 9:52 PM IST

Sahara Group Chairman Subrata Roy tests positive for coronavirus

Sahara group Chairman Subrata Roy Sahara has tested positive for coronavirus

Sahara Group Chairman Subrata Roy tests positive for coronavirus
Updated On : 09 Apr 2021 | 4:18 PM IST