July 23, 2026 10:42 pm (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
Rahul Gandhi leads candlelight vigil at Gandhi Smriti as Opposition steps up NEET leak protest
Thu, Jul 23 2026
NEET protest: Centre invites CJP for talks; protesters stick to Jantar Mantar or neutral venue demand
Thu, Jul 23 2026
Khalistani terrorist Pannun announces $1 million support for CJP protests, calls for 'balkanisation of India'
Thu, Jul 23 2026
Who is Rhiya Ahir? Woman who stood before Mumbai Police van during NEET protest goes viral
Thu, Jul 23 2026
Cockroach Janta Party seeks police permission for Kolkata rally as nationwide protest campaign gathers pace
Thu, Jul 23 2026
'I'll intervene if not opened by lunch time': CJI Surya Kant steps in as metro station closure disrupts Supreme Court access
Thu, Jul 23 2026
'We'll put drugs in your bag': Mumbai cop suspended after viral threat to NEET protesters
Thu, Jul 23 2026