STOCK MARKET BSE NSE

Order Reserved on Roy Release

Published: 15th May 2015 06:00 AM  |   Last Updated: 15th May 2015 06:00 AM   |  A+A-

NEW DELHI: The Supreme Court on Thursday reserved its order on the release of Sahara chief Subrato Roy from jail, saying it would decide on how more money has to be paid when SEBI may encash the bank guarantee in the future. A three-judge Bench headed by Justice T S Thakur, while reserving the order, asked the counsel for the Sahara chief to furnish within two weeks the details of the scheme relating to the sale of its assets and payment to the SEBI.  During the hearing, senior counsel Kapil Sibal sought release of Subrato from jail saying that he will be submitting a scheme on repayment in July and that he can be sent back if he were to default on the repayments. 



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp