Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Indian Supreme Court rejects Subrata Roy?s plea  Join our daily free Newsletter

MENAFN - Khaleej Times - 06/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Y and two directors were sent to judicial custody for the failure of group?s two companies? sirecl and shicl to comply with its order to return investors? rs.the supreme court on tuesday rejected the plea by sahara chief subrata roy challenging its march 4 order sending him to judicial custody for not complying the order to return the investor’s money by routing it through sebi.roy and two directors were sent to judicial custody for the failure of group’s two companies’ sirecl and shicl to comply with its order to return investors’ rs.24000 crore that they had collected through optionally fully convertible debentures (ofcds).roy will continue to remain in custody as the court has asked his counsel to make a revised proposal to return investors’ money to secure his release.dismissing roy’s plea the apex court bench of justice k.s. radhakrishnan and justice k.s. khehar said that there is “no merit and same is dismissed”.the court said that after going through the judgment roy could make a revised proposal for returning the investors money as a condition to secure his release.the court said this as senior counsel rajiv dhawan drew the attention of the court to roy’ earlier proposal to deposit rs.10000 crore.of the rs.24000 crore sahara india real estate corporation limited and sahara housing investment corporation limited have already deposited rs.5120 crore in december 2012 with sebi. for more news from khaleej times follow us on facebook at facebook.com/khaleejtimes and on twitter at ?khaleejtimes follow ?khaleejtimes -->


 






  MENA News Headlines
 Jul 23 2014 - UN Emergency Fund gives 75 million to boost aid operations in the Sahel and Horn of AfricaMENAFN Press
(MENAFN Press) NEW YORK July 23 2014/African Press Organization (APO)/ -- United Nations humanitarian chief Valerie Amos has allocated US$75 million from the UN Central Emergency Response Fund (CERF) ...

 Jul 23 2014 - Greater efforts needed to protect MPs in Somalia IPU saysMENAFN Press
(MENAFN Press) GENEVA Switzerland July 23 2014/African Press Organization (APO)/ -- The Inter-Parliamentary Union (IPU) has called for greater efforts to protect MPs in Somalia after the ...

 Jul 23 2014 - Orange and Emmas International launch their 5th African mobile telephone recycling facility in AbidjanMENAFN Press
(MENAFN Press) ABIDJAN Côte d'Ivoire July 23 2014/African Press Organization (APO)/ --  as part of its ongoing commitment to encouraging recycling of mobile devices launched in 2005 Orange ...

 Jul 23 2014 - Majid Al Futtaim posts USD3.5b H1 revenuesMENAFN
(MENAFN) Dubai-based shopping mall developer Majid Al Futtaim (MAF) posted a 14 percent growth in the first-half revenues, citing growing earnings across its business units, Emirates 24/7 ...

 Jul 23 2014 - Bahrain's BCFC profit up 13 percent in H1MENAFN
(MENAFN) Bahrain Commercial Facilities Company (BCFC) saw a 13 percent rise in consolidated net profit at USD19.1 million in the first half of the current year compared to USD16.88 million in the ...

 Jul 23 2014 - Africas oil amp gas sector continues to show substantial growth despite regulatory uncertainty and corruption according to PwC ReviewMENAFN Press
(MENAFN Press) JOHANNESBURG South-Africa July 23 2014/African Press Organization (APO)/ -- The challenges facing oil & gas companies operating in Africa continue to be diverse and numerous ...

 Jul 23 2014 - PS McLeod to Announce New Funding for Humanitarian Assistance for Children in the Democratic Republic of the CongoMENAFN Press
(MENAFN Press) OTTAWA Canada July 23 2014/African Press Organization (APO)/ -- Ms. Cathy McLeod Parliamentary Secretary to the Minister of Labour and for Western Economic Diversification will host a ...

 Jul 23 2014 - MP Opitz to Make an Announcement Regarding Humanitarian Assistance in SomaliaMENAFN Press
(MENAFN Press) OTTAWA Canada July 23 2014/African Press Organization (APO)/ -- Ted Opitz Member of Parliament (Etobicoke Centre) on behalf of the Honourable Christian Paradis Minister of ...

 Jul 23 2014 - South Sudan Cholera threatens lives of thousands during harsh rainy seasonMENAFN Press
(MENAFN Press) GENEVA Switzerland July 23 2014/African Press Organization (APO)/ -- With the rainy season nearly at its peak in South Sudan cholera continues to spread in the war-torn country. The ...

 Jul 23 2014 - UN Special Representative for Somalia condemns assassination of female parliamentarianMENAFN Press
(MENAFN Press) MOGADISHU Somalia July 23 2014/African Press Organization (APO)/ -- The Special Representative of the UN Secretary-General for Somalia (SRSG) Nicholas Kay condemned the assassination ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help