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Mirach Capital News

17 Mar 2015

Mirach to file $400 million defamation suit against Sahara

Accusing Mirach Capital of cheating and forgery in the failed USD 2.05 billion loan arrangement, Sahara had also said last month that it has initiated legal action against the US-based firm.

13 Feb 2015

Preparing our own legal action against Sahara: Mirach Capital

In the statement, Mirach's Indian-origin CEO Saransh Sharma said: "The allegations are frivolous, and are wasting time as the February 20 deadline approaches.

13 Feb 2015

Sahara says taking legal action against Mirach after deal collapse

The talks involved a loan by Mirach secured against some of Sahara`s properties including New York`s Plaza hotel, but they collapsed acrimoniously.

13 Feb 2015

Preparing legal action against Sahara: Mirach

The Subrata Roy-led Sahara group has accused Mirach of "cheating and forgery" in the failed USD 2.05 billion loan arrangement and said it has initiated legal action against the US-based firm.

07 Feb 2015

Tender apology or pay compensation: Mirach warns Sahara

In a fresh twist to the alleged "forgery" saga, US-based Mirach on Saturday asked Sahara to make a "formal apology" for tarnishing its image, failing which it warned of legal action and demanded over USD 13 million in compensation for breach of contract.

06 Feb 2015

Mirach hits back at Sahara; offers to buy out overseas hotels

Mirach further accused Sahara of repeatedly undermining a transaction for sale of its properties and said it "wasted" the time of its investors as also that of Sebi and the courts.

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