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Total 49 results found. Search for [ New York Plaza Hotel ]

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December 21, 2018

July 4, 2018
The Plaza Hotel, one of New York's most iconic buildings in which Subrata Roy-led Sahara India group has majority stake, has been fully acquired by a Qatar government-owned fund for about $600 million, according to a media report today.

New Delhi, April 27, 2017
The apex court warned Roy that he may be sent to jail again if the amount is not paid.

BT Online
April 17, 2017
The Supreme Court bench also directed that Sahara Group's Subrata Roy be personally present in the next date of hearing on April 28th in the case.

New Delhi, March 21, 2017
The Supreme Court on Tuesday warned the Sahara Group that it would auction its prime property worth Rs 39,000 crore at Aamby Valley in Pune if Rs 5092.6 crore is not paid by the company by April 17 as promised.

New Delhi, February 28, 2017
A bench headed by Justice Dipak Misra refused to give six months time to the group to sell its properties but allowed it to sell assets, mentioned in the list furnished by it, for refund of money.

Mail Today Bureau
August 4, 2016
The extension came with a condition that he has to deposit Rs 300 crore with the Security and Exchange Board of India (Sebi).

New Delhi, July 27, 2016
Sahara group on Wednesday rejected a new $1.3 billion offer from a group of investors for its three prized overseas hotels, terming it a \"devious attempt\" to lower the price and disturb the sentiment of other bidders making \"much higher\" offers.

New Delhi, July 11, 2016
The Supreme Court on Monday extended till August 3 the parole granted to Sahara chief Subrata Roy on humantarian grounds following the death of his mother, with a strict condition that he will have to deposit the balance of Rs 300 crore, out of the Rs 500 crore promised by him.

March 29, 2016
Sahara, a household name in India as the former main sponsor of the national cricket team, has major hotels overseas including the Plaza in New York and the Grosvenor House in London, besides vast real estate assets in India.

New York, March 26, 2016
The billionaire investors David and Simon Reuben were reportedly earlier looking at a foreclosure auction in April to recover their facility which they had provided to Sahara Group to refinance an earlier loan from Bank of China that had overseas hotels of the Indian group as collaterals and cross collaterals.

New Delhi, September 28, 2015
The hearing commenced with a new foreign company seeking permission to intervene in the matter saying that it was ready to lend around Euro 720 million (approximately Rs 5000 crore) to Sahara's Aamby Valley and needed time till October 15 to complete the agreement.

New York, September 16, 2015
Sahara has been dragged into the lawsuit filed by JTS Trading, which claims that it had proposed to partner Trinity and arrange loans from UBS to acquire the group's three overseas hotels.

New Delhi, August 17, 2015
The hearing also saw cropping up of the name of former Indian Premier League chief Lalit Modi allegedly rumoured to be brokering a deal to sell the US properties of Sahara Group.

New York, July 12, 2015
Sahara, along with Trinity & UBS, has been dragged into this $350 million (Rs 2,200 crore) lawsuit filed by Hong Kong-based JTS Trading Ltd

New York, June 22, 2015
In the lawsuit filed with the Supreme Court of the State of New York against Trinity, Sahara and UBS, JTS has now alleged that Trinity cut it off from the deal for direct negotiations with Sahara.

London, June 7, 2015
Billionaire brothers David and Simon Reuben are set to take over the crisis-hit Indian group's Bank of China loan for its three hotel properties - thus averting a 'default-triggered' sale of the iconic Grosvenor House hotel in London.

New Delhi, May 29, 2015
With its prized property, Grosvenor House, put on sale by lender Bank of China for a loan 'default', crisis-hit Sahara group on Thursday said it is not participating in any re-auctioning of the London hotel.

London/New Delhi, May 27, 2015
Bank of China put Grosvenor House under administration early in March for recovery of its loans, while Deloitte and realty consultant JLL have been mandated to find a buyer.

New Delhi, March 3, 2015
The crisis-ridden group said that the London hotel is being \"treated under default\" because Bank of China has declared \"an event of default\" on the US loans due to some \"technical breaches\" in the financial covenants.

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