The group is rich in assets but short on liquidity. Therefore, the first big battle is for the release of Rs 24,000 crore deposited with SEBI.
A senior politician who has closely seen Roy’s growth and eventual downfall described the businessman as Robinhood, but only for the rich people.
When asked as to why only a small amount of refunds have been made so far, Buch said their actions are dependent on the directions of the SC-appointed committee.
Prominent among those seen during the cremation included Samajwadi Party (SP) president Akhilesh Yadav, Congress leader Pramod Tiwari and actor and Congress leader Raj Babbar.
After a long process of appeals and cross-appeals, the Supreme Court on August 31, 2012,
Roy's life was a curious mixture of ambition, business acumen, hardwork, political intrigue and tragedy, and its end marks the demise of a businessman unlike India had ever seen before
Before its decline, the Sahara portfolio comprised financial services, real estate, aviation, marquee hotels in London and New York, an IPL cricket team and a Formula One racing team.
A man calling himself "Manoj Sharma, lawyer from Gwalior", threw ink on Roy's face, removed his own shirt and started shouting that "he (Roy) is a thief and has stolen money from poor".
Cooperation Minister Amit Shah launched the 'CRCS-Sahara Refund Portal' in July to facilitate the return of the money to investors. Around 18 lakh depositors have been registered on the portal.
Roy’s impact as a guiding force for Sahara India Pariwar leaves behind a legacy and vision of a conglomerate with business interests across a wide spectrum.
The incident took place Wednesday evening in the Tajpura area when a tractor carrying around 50 devotees was on its way to Randaul village for a religious event.
The minister said through this portal, first payment up to Rs 10,000 will be made to one crore investors who had deposited Rs 10,000 or more.
Cooperation Minister Amit Shah said that approximately 1.78 crore small investors, whose money up to Rs 30,000 is stuck, will get their money back and it is a great achievement.
The jute-muslin saris with their delicate stripes and its pallu embellished with gold kairis makes them a niche variety at the stall.
The group was driven out earlier this month amid a spike in anti-migrant and racism-fueled tensions linked to a killing in the Tunisian port city of Sfax.
As of now, a complete ban has been imposed on anyone entering or exiting the children's home until the investigation is underway.
The sticker of a drawn bow with three arrows pointing up against is a normal sight in Delhi. The sticker pays homage to Baba Khatushyamji. But who was Khatushyamji?