FRIDAY, 18 SEPTEMBER 2026

Sahara runs into trouble again

PTI

New York

Slapped with a $350 million lawsuit seeking attachment of its two prized hotels here, crisis-ridden Sahara has told a US court here that it has been wrongly dragged into a dispute between two entities over "a potential business relationship gone sour."

Seeking an immediate rejection of a plea by Hong Kong- based JTS Trading to attach Sahara's Plaza and Dream Downtown hotels here, the Indian conglomerate has submitted before the Supreme Court of the State of New York that the "plaintiff is attempting to attach property that falls outside of the jurisdiction of this Court."

"Even if the Court were to ignore the obvious jurisdictional deficiency, Plaintiff would not be entitled to the relief it seeks because it is seeking to attach the property of non-parties that are not implicated by the allegations in the complaint," Sahara said in a submission before the Court.

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Germany mulls 5-year exit plan for Greece

The Goan Network
Published Jul 12, 2015, 12:00 AM IST
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PTI Brussels Germany has drawn up plans for a temporary five-year Greek exit from the euro if it fails to improve its bailout proposals, a European source said on Saturday as eurozone finance ministers met in Brussels. Hardline Germany plans to achieve the same by leading a chorus of scepticism as eurozone finance ministers study leftist Greek Prime Minister Alexis Tsipras' new reform plan for a third rescue package worth more than 80 billion euros ($89 billion). The…

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