MUMBAI :The National Company Law Tribunal has ordered insolvency proceedings against a Sahara Group subsidiary, deciding that a dispute raised by the company against its creditor was a means to avoid paying its dues. A Mumbai bench of the tribunal, led by Justice Kishore Vemulapalli, held that Sahara Q Shop Unique Products Range had defaulted …
A thirty-year-old who started a chit-fund business from a small one-room office on Cinema Road in Gorakhpur in 1978 with a capital of Rs 2,000, Roy went on to spread his footprint in every conceivable sector – from aviation to real estate, media, film production, manufacturing and retail trade. It was the kind of expansion …
Sahara Group founder and Chairman Subrata Roy died at 75 Mumbai: Sahara Group founder and Chairman Subrata Roy died today at a Mumbai hospital after battling a long illness, the company said in a statement. He was 75. Subrata Roy is survived by wife Swapna Roy and two sons, Sushanto Roy and Seemanto Roy, who …