Supreme Court justices TS Thakur and AK Sikri will be hearing the controversial Sahara case on 19 May after Justice KS Radhakrishnan retired and Justice JS Khehar recused himself and said he wanted nothing to do with any Sahara matters in future. Radhakrishnan had professed to have faced “unimaginab...

Supreme Court Justice Jagdish Singh Khehar told the Supreme Court registry on 6 May, the evening after passing its scathing judgment against Sahara chief Subrata Roy and his lawyers, that he did not want to be on the new bench that would hear the Sahara matter after the bench headed by retiring Just...

The Supreme Court ruled that Sahara boss Subrata Roy should stay in jail in a 207-page order, while noting in a post script to the judgment that Roy and Sahara had abused the judicial process and wasted “hundreds of judge hours”. Justices KS Radhakrishnan and Jagdish Singh Khehar ruled dismissed Roy...

“The temperature has soared up and the gentleman is not well,” senior advocate Rajiv Dhawan told justices KS Radhakrishnan and JS Khehar, appearing for the Sahara group and its boss Subrata Roy, who has been jailed for failing to turn up to Supreme Court hearings and not repaying amounts owed to inv...

The embattled Sahara Group has withdrawn a defamation case in the Calcutta high court, which had granted a stay order, against Mint journalist Tamal Bandhyopadhyay’s book Sahara: The Untold Story . As part of the settlement, the book will now include a disclaimer by Sahara stating: “The book at best...

Sahara, which is on a money-collecting drive from employees to gather Rs 5,000 crore to pay for its boss’ bail, has sent a defamation notice to milk maker Amul’s owner, the Gujarat Co-operative Milk Marketing Federation. The famous Amul girl marketing campaign regularly makes fun of current affairs ...

Sahara has said it can’t afford paying the Rs 5,000 crore in cash to the court, and Rs 5,000 crore in bank guarantees to SEBI, which the Supreme Court yesterday stipulated the amounts for Sahara chief to get out of jail on conditional bail. The next hearing will be on 3 April and Roy will be expecte...

Legally India Supreme Court postcard writer and tweeting advocate Court Witness’ column on Subrata Roy: “The Supreme Court dragon has woken and it is annoyed.” [Mumbai Mirror]

The Supreme Court has set interim bail for Sahara chief Subrata Roy at Rs 5,000 crore in cash, and Rs 5,000 crore in guarantees to the Securites and Exchange Board of India (SEBI) in bank guarantees.

Sahara says it will pay Rs 2,500 crore in three days, three instalments of Rs 3,500 cr each at the end of June, Sept and Dec, and Rs 7,000 crore by 31 March 2015. The new proposal totals Rs 20,000, which would be Rs 3,000 crore more than its earlier proposal, as the company’s chief Subrata Roy is st...

A Supreme Court bench headed by Justice KS Radhakrishnan today rejected the appeal for the bail of jailed Sahara boss Subrata Roy, pending the next hearing on 25 March 2014.

The Supreme Court has today issued a non-bailable arrest warrant against Sahara chief Subrata Roy for not turning up in court, rejecting senior counsel Ram Jethamalani’s arguments that Roy was aiding his ill mother.

SEBI, UPSC appealed more CIC orders than they answered RTIs. UPSC hides civil service mains papers most, while SEBI doesn’t like disclosing insider trading orders and chairman’s assets and liabilities [ Express ] Punjab and Haryana HC gives back government job benefit of Leave Travel Concession (LTC...

The chief justice of India Altamas Kabir yesterday told off senior advocate Arvind Dattar who, in the matter of SEBI V Sahara, had objected to his passing an order contradictory to an order passed by a two judge bench of the court - before which bench the matter is still pending. A bench of justices...

By Nikhil Kanekal: It’s going to be an incredibly tough future for the Subroto Roy-owned Sahara Group (also known as Sahara India Parivar) after today’s judgment by the Supreme Court of India. The court asked two group companies to return an unprecedented Rs 24,000 crores ($4.3bn) to their roughly 28 million investors, while setting the company and its directors up for possible criminal prosecution.

The judgment is a stinging indictment of the company’s practices. It is also probably the largest ever transaction ordered by an Indian court to date.