• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Sahara chief Subrata Roy summoned by SC over unpaid dues

By PTI
|

New Delhi, Jan 31: The Supreme Court on 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.

Subrata Roy

The top 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.

Subrata Roy treating country as laboratory to play with the law: SC

The bench, also comprising Justices AK Sikri and SK Kaul, declined to give any further chance to Subrata 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

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more