HC stays proceedings against Subrato Roy in cheating case

New Delhi, Feb 8 (PTI) The Delhi High Court today stayedthe proceedings against Subrato Roy, Chairman of Sahara IndiaGroup, before a lower court which had issued a bailablewarrant against him in a case of alleged cheating and forgeryin a housing project launched by his company.

Justice Ajit Bharihoke said the proceedings and theexecution of the warrants against Roy and four other companyofficials would remain stayed till May 10, the next date ofhearing.

Earlier, the court of Chief Metropolitan Magistrate haddirected the Delhi Police to execute the warrant against Royand others by February 9.

The warrant was issued on a complaint filed by NeerajPandey who alleged the company has not started the housingproject despite getting a payment of Rs one lakh in 2003.

He has alleged the company launched the scheme SaharaSwarn Yojna for developing 217 townships all over the countryincluding the NCR region. (More) PTI PNM ABA SJK