Top
Begin typing your search above and press return to search.
Madhyamam
    keyboard_arrow_down
    Login
    exit_to_app
    exit_to_app
    Homechevron_rightBusinesschevron_rightSC directs Sahara...

    SC directs Sahara chief Subrata Roy to appear before it on Feb 28

    text_fields
    bookmark_border
    SC directs Sahara chief Subrata Roy to appear before it on Feb 28
    cancel

    New Delhi: The Supreme Court 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.

    The apex 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.

    The bench, also comprising Justices A K Sikri and S K Kaul, declined to give any further chance to 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.

    Show Full Article
    TAGS:
    Next Story