<p>The Supreme Court Thursday directed Sahara group chief Subrata Roy to appear before it on February 28 for failing to deposit Rs 25,700 crore in the SEBI-Sahara case for returning investors' money.</p>

<p>The apex court said six months were given to Sahara by its last order to arrange the amount but what has transpired during the period has not inspired the confidence of the court.</p>

<p>A bench headed by Chief Justice Ranjan Gogoi noted that the group has deposited only Rs 15,000 crore.</p>

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet" data-lang="en">
<p dir="ltr" lang="en">Supreme Court today granted another opportunity to Sahara Group to deposit rest of the money of Rs 9,000 crore approximately with the SEBI Sahara account, else the law will take its own course. SC also sought personal presence of Subrata Roy on the next date of hearing- Feb 28 <a href="https://t.co/vd9ZaLilAG">pic.twitter.com/vd9ZaLilAG</a></p>
— ANI (@ANI) <a href="https://twitter.com/ANI/status/1090915107591409664?ref_src=twsrc%5Etfw">January 31, 2019</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

<p>The bench, also comprising Justices A K Sikri and S K Kaul, declined to give any further chance to Roy and other directors to comply with its previous orders.</p>

<p>It said it had decided to proceed with the matter so that the law takes its own course and directed Roy and other directors to appear before it personally on next date of hearing.</p>


The Supreme Court Thursday directed Sahara group chief Subrata Roy to appear before it on February 28 for failing to deposit Rs 25,700 crore in the SEBI-Sahara case for returning investors' money.

The Supreme Court Thursday directed Sahara group chief Subrata Roy to appear before it on February 28 for failing to deposit Rs 25,700 crore in the SEBI-Sahara case for returning investors' money. The apex court said six months were given to Sahara by its last order to arrange the amount but what has transpired during the period has not inspired the confidence of the court. A bench headed by Chief Justice Ranjan Gogoi noted that the group has deposited only Rs 15,000 crore. Supreme Court today granted another opportunity to Sahara Group to deposit rest of the money of Rs 9,000 crore approximately with the SEBI Sahara account, else the law will take its own course. SC also sought personal presence of Subrata Roy on the next date of hearing- Feb 28 pic.twitter.com/vd9ZaLilAG — ANI (@ANI) January 31, 2019 × The bench, also comprising Justices A K Sikri and S K Kaul, declined to give any further chance to Roy and other directors to comply with its previous orders. It said it had decided to proceed with the matter so that the law takes its own course and directed Roy and other directors to appear before it personally on next date of hearing.

Supreme Court directs Sahara chief Subrata Roy to appear before it on February 28

India&rsquo;s Supreme Court, which had earlier today ordered Sahara chief Subrata Roy to be taken into custody till October 3, decided to extend his parole by a week.<br />
<br />
A two-judge bench headed by chief justice Tirath Singh Thakur passed the order after hearing an application filed by Kapil Sibal, the lawyer appearing for Roy, reported ANI.<br />
<br />
Roy was first arrested in March 2014 after Sahara, a household name in India, failed to comply with a court order to refund 360 billion Rupees ($5.4 billion) raised from millions of small investors by selling them bonds later ruled to be illegal.<br />
<br />
Roy was released from prison on parole in May and the hearing on Friday was to determine whether it should be extended.<br />
<br />
Earlier in the day, agency reports said that the Supreme Court had cancelled all interim relief including bail granted to Roy and two others and directed they be taken into custody.<br />
<br />
The apex court had on September 16 extended Roy&#39;s parole till September 23.<br />
<br />
The decision, earlier on Friday, to not grant a further extension was made after national markets regulator, the Securities and Exchange Board of India (SEBI), told the court it was unable to raise money from Sahara properties as they had been requisitioned by the income tax department against unpaid dues.<br />
<br />
SEBI on Friday also made an application in court to appoint a receiver to handle Sahara&#39;s properties.<br />
<br />
(WION with inputs from agencies)

It temporarily stayed an order it had issued just hours before that he be taken back into custody

India’s Supreme Court, which had earlier today ordered Sahara chief Subrata Roy to be taken into custody till October 3, decided to extend his parole by a week. A two-judge bench headed by chief justice Tirath Singh Thakur passed the order after hearing an application filed by Kapil Sibal, the lawyer appearing for Roy, reported ANI. Roy was first arrested in March 2014 after Sahara, a household name in India, failed to comply with a court order to refund 360 billion Rupees ($5.4 billion) raised from millions of small investors by selling them bonds later ruled to be illegal. Roy was released from prison on parole in May and the hearing on Friday was to determine whether it should be extended. Earlier in the day, agency reports said that the Supreme Court had cancelled all interim relief including bail granted to Roy and two others and directed they be taken into custody. The apex court had on September 16 extended Roy's parole till September 23. The decision, earlier on Friday, to not grant a further extension was made after national markets regulator, the Securities and Exchange Board of India (SEBI), told the court it was unable to raise money from Sahara properties as they had been requisitioned by the income tax department against unpaid dues. SEBI on Friday also made an application in court to appoint a receiver to handle Sahara's properties. (WION with inputs from agencies)

India's Supreme Court extends Sahara chief Subrata Roy's parole by a week

sahara-chief

Sahara Chief, News on Sahara Chief, stories on Sahara Chief, articles on Sahara Chief, Sahara Chief stories at Wion, Sahara Chief news, Sahara Chief latest news

sahara chief

Supreme Court directs Sahara chief Subrata Roy to appear before it on February 28

India's Supreme Court extends Sahara chief Subrata Roy's parole by a week