news details |
|
|
| SC stays order on Subrata Roy's petition against detention | | | Agencies
NEW DELHI, Apr 21: The Supreme Court today reserved its order on Sahara Chief Subrata Roy's petition challenging its decision to send him to jail in the case relating to non- refund of more than Rs. 20,000 crore of investors money.
A bench of justices K S Radhakrishnan and J S Khehar also agreed to consider Sahara's proposal for paying Rs 10,000 crore for getting bail to its chief Subrata Roy and two directors who are in Tihar jail in judicial custody since March 4.
In its new proposal placed today, Sahara group 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 May 30.
It also submitted that they would furnish a bank guarantee of another Rs 5,000 crore on or before June 20.
The apex court had earlier imposed a condition that Roy will be freed on bail only if he pays Rs 10,000 crore out of which Rs 5,000 crore has to be in bank guarantee and rest Rs 5,000 crore in cash.
Roy and the other two directors of the Group have been in judicial custody since March 4 for not abiding by the apex court's order for depositing Rs 20,000 crore of investors money with SEBI.
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
 |
|
|
|
|
STOCK UPDATE |
|
|
 |
| BSE
Sensex |
 |
| NSE
Nifty |
|
|
| |
CRICKET UPDATE |
|
|
|
|
| |
| |
|
|
| |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
