scorecardresearch
Wednesday, March 27, 2024
Support Our Journalism
HomeJudiciarySupreme Court asks Sahara chief Subrata Roy to appear before it on...

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

Follow Us :
Text Size:

Six months were given to Sahara to arrange Rs 25,700 crore to return to its investors but the group deposited only Rs 15,000 crore, said the court.

New Delhi: 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.

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. -PTI


Also read: From Ayodhya title dispute to CBI row, when Supreme Court judges refused to hear a case


Subscribe to our channels on YouTube, Telegram & WhatsApp

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular