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SC to hear Subrata Roy's bail plea today

Last Updated: Monday, April 21, 2014 - 09:56

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
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