New Delhi: The Delhi High Court on Tuesday stayed
the proceedings against Subrato Roy, Chairman of Sahara India
Group, before a lower court which had issued a bailable
warrant against him in a case of alleged cheating and forgery
in a housing project launched by his company.
Justice Ajit Bharihoke said the proceedings and the
execution of the warrants against Roy and four other company
officials would remain stayed till May 10, the next date of
Earlier, the court of Chief Metropolitan Magistrate had
directed the Delhi Police to execute the warrant against Roy
and others by February 9.
The warrant was issued on a complaint filed by Neeraj
Pandey who has alleged that the company has not started the housing
project despite getting a payment of Rs one lakh in 2003.
He has alleged that the company had launched the scheme Sahara
Swarn Yojna for developing 217 townships all over the country
including the NCR region.