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SAHARA LIFE IRDAI
SC sets aside SAT stay on Sahara Insurance biz transfer to SBI LifeThe Indian Supreme Court has overturned an appellate tribunal's decision to stay an IRDAI order directing Sahara India Life Insurance to tr...- Siphoned off policyholder funds: Supreme Court on Sahara India LifeSahara India Financial Corporation, the major shareholder of Sahara India Life Insurance, is in for a scolding from the Supreme Court. The ...
- Supreme Court admits IRDA plea against SAT stay on Sahara Insurance transfer orderThe bench led by Justice Abhay S Oka while seeking a response from Sahara India Life said, "Some solution has to be found to protect the in...
- SC admits IRDA's appeal against SAT stay on Sahara insurance orderThe Supreme Court on Monday admitted IRDA’s appeal against the Securities Appellate Tribunal's (SAT) decision staying the insurance regulat...
- IRDA moves Supreme Court against SAT stay on Sahara insurance orderSeeking urgent hearing in the matter, Solicitor General Tushar Mehta, appearing for the Insurance Regulatory Development Authority of India...
- SAT stays Irdai's order on Sahara Life InsuranceThe matter, along with another appeal, will be further considered and argued on August 3, 2023. JP Sen, Senior Advocate, represented Sahara...
- SAT stays Irdai order transferring Sahara India Life Insurance Co biz to SBI LifeIn a big relief to Sahara India Life Insurance Co Ltd, the Securities Appellate Tribunal (SAT) on Tuesday stayed regulator Irdai's order di...
- Transfer of Sahara Life business unlikely to impact SBI Life's balance sheetBesides, the expert said that the new policyholders may provide an opportunity for SBI Life to offer their product depending on their age p...
- SBI Life to take over Sahara’s insurance bizSBI Life Insurance has been instructed by the Indian Insurance Regulatory and Development Authority (Irdai) to absorb the liabilities of 20...
- SBI Life to takeover liabilities of 2 lakh policies, assets of Sahara India Life Insurance: IrdaiThe Indian regulator, Irdai, has directed SBI Life Insurance to take over the liabilities of approximately 200,000 policies alongside the a...
- SAT asks Irdai to hear Sahara Life transfer afreshBut the tribunal upheld the insurance watchdog (Insurance Regulatory Development Authority) decision to appoint an administrator to run the...
- SAT puts off hearing on Irdai-Sahara Life to August 10Irdai counsel Somasekhar Sundaresan today argued that as Sahara Life had allegedly siphoned off Rs 78 crore, transfer of business to ICICI ...
- SAT stays IRDAI order on Sahara Life for a weekThe tribunal fixed the next hearing in the matter on August 7 when it will decide on the maintainability of the petition filed by SILIC aga...
- Sahara to challenge IRDAI order on life insurance biz transfer to ICICI PruSahara alleged that the insurance regulator has "wrongly concluded" that the promoter was no more 'fit and proper' and a sum of Rs 78 crore...
- Subrata Roy seeks time from Irda to turnaround Sahara Life InsuranceIrda had flagged concerns over the management of Sahara Life, saying it had reasons to believe the insurer may act in a manner “prejudicial...
- ICICI Prudential evaluating taking over Sahara LifeOn 12 June, the regulator appointed RK Sharma, a general manager at the regulator, as the administrator to manage the affairs of the insure...
- Irdai takes over the management of Sahara India Life Insurance Co; appoints R K Sharma as administratorIrdai said that chairman (Subrata Roy) of the Board was in judicial custody and people were not willing to join the company.
- IRDAI appoints administrator for Sahara Life Insurance CoIRDAI further said it will be the endeavour of the administrator to ensure the servicing of the policyholders and managing the affairs of t...
- Of the 24 life insurers, only 19 posted profits in FY16: IRDAIDuring 2015-16, the life insurance industry reported profit after tax at Rs 7,414.97 crore as against Rs 7,611.31 crore for 2014-15.
- IRDAI warns Sahara India Life Insurance on non-complianceIRDAI has warned Sahara India Life Insurance Co for non-compliance of 'Expenses of Management' (EoM) norms, and asked it to bring the expen...
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