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Sahara case: SC may give order on Subrata Roy's plea on Tuesday

Last Updated: Monday, May 5, 2014 - 13:57

Zee Media Bureau

New Delhi: The Supreme court on Tuesday may give its order on jailed Sahara chief Subrata Roy's plea to pass an early order on his petition challenging his detention.

The Supreme Court had on 21 April reserved its order on Roy’s petition challenging its decision to send him to jail in the case relating to non-refund of investors money. It had also agreed to consider Sahara’s proposal for paying Rs.10,000 crore for getting bail for Roy and the two directors. In its new proposal,

Sahara group had assured the court that it will pay Rs.3,000 crore within three-four working days and another Rs.2,000 crore in cash by 30 May and that it would furnish a bank guarantee of another Rs.5,000 crore on or before 20 June 20.

The apex court had imposed a condition that Roy would be freed on bail only if he pays Rs.10,000 crore, out of which Rs.5,000 crore has to be in bank guarantees and remaining Rs.5,000 crore in cash.

With PTI Inputs

First Published: Monday, May 5, 2014 - 13:57
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