Pay Rs 600 crores or surrender before February 6: SC to Subrata Roy
New Delhi : Supreme Court on Monday directed Sahara chief Subrata Roy to deposit Rs 600 crores or surrender before February 6, 2017. In a partial relief, the apex court extended his parole but also warned him of consequences if he fails to deposit the money in given timeline.
In October, the Supreme Court had extended his parole till November 28 taking note of the deposit of Rs 200 crores made by him with Sebi as a condition precedent for his release.
A bench of Chief justice T.S. Thakur and Justices Anil R. Dave and A.K. Sikri had passed this order after senior counsel Kapil Sibal, appearing for Mr Roy informed the court that as per the order passed on September 28, a total of Rs 215 cr had been deposited with the Sebi and that Rs 15 cr could be adjusted towards future instalments.