March 27, 2026 05:10 am (IST)
Follow us:
SC allows Sahara to conduct proposed loan transaction from abroad
New Delhi, Jan 9 (IBNS): In a relief for Subrata Roy, the Supreme Court has allowed the Sahara Group Chief to proceed with its proposed loan transaction from abroad for raising funds.
The Sahara Group will now have to seek permission from the Reserve Bank of India for transfer of money to India from abroad, the court observed on Friday.
The court also extended Roy's conference facility in Tihar jail to deal with the transactions.
Roy is in Tihar Jail since early last year after his arrest for allegedly defrauding investors of over Rs 200 billion.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Indian among 2 killed as missile debris rains down after mid-air interception in Abu Dhabi
Thu, Mar 26 2026
India assures stable energy supplies with 60-day fuel stock despite West Asia crisis
Thu, Mar 26 2026
PM Modi to chair meeting with CMs tomorrow amid West Asia conflict
Thu, Mar 26 2026
'India not a dalaal nation': Jaishankar at all-party meeting on concerns over Pakistan's mediator role in West Asia conflict
Thu, Mar 26 2026
Iran allows India, four other ‘friendly nations’ access to Strait of Hormuz amid West Asia conflict
Thu, Mar 26 2026
13 killed as bus, lorry collide and catch fire in Andhra Pradesh
Thu, Mar 26 2026
'Zero tolerance': ECI removes 7 CAPF personnel from Bengal poll duty for attending Iftar party
Wed, Mar 25 2026