SC gives 15 working days' extension to Subrata Roy
The apex court had asked Sahara to deposit Rs.10,000 crore - Rs.5,000 in cash and Rs.5,000 in bank currency - as part payment for investors' money that its two companies had collected through Optional Fully Convertible Debentures (OFCDs) in 2008-09.
This also happens to be a condition for Subrata Roy and his two directors' release from judicial custody to which they were sent March 4 for not complying with the court's orders.
IANS
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