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. 


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