SC to hear Subrata Roy's bail plea today
Quotes

SC to hear Subrata Roy's bail plea today

Last Updated: Monday, April 21, 2014, 09:56
 
 Comment 0
 
SC to hear Subrata Roy's bail plea today
Zee Media Bureau

New Delhi: The Supreme Court will on Monday resume hearing the bail plea of Sahara Group chief Subrata Roy's bail plea.

In one of its hearings, the apex court had ordered the group to pay Rs 10,000 crore for Roy's bail, Rs 5,000 crore in bank guarantee and rest Rs 5,000 crore in cash.

However, the company said it would not be able to pay the amount and during a hearing on Thursday last week float proposal before the Supreme Court that it was willing to pay Rs 2,500 crore within four days and another Rs 2,500 crore in cash within 60 days for release of its chief Subrata Roy and two directors.

The Supreme Court on Wednesday also said it was "willing" to defreeze the bank accounts of Sahara and allow the group to sell properties to raise Rs 10,000 crore for getting bail to Subrata Roy and sought details in this regard.

"We are willing to pass an order. You (Sahara) tell us you want to raise money. Tell us about the property and bank accounts. You have not given us so far," a bench comprising justices K S Radhakrishnan and J S Khehar said.


With PTI Inputs


First Published: Monday, April 21, 2014, 09:56


Comments


comments powered by Disqus
BRICS Annual Summit 2014
BRICS Annual Summit 2014
Tata Zest Standout Features: In Pics
Tata Zest Standout Features: In Pics
New car launches in July
New car launches in July
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics
Google I/O 2014
Google I/O 2014

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved