SC to hear Sahara chief Subrata Roy’s property attachment case | india-news | Hindustan Times
Today in New Delhi, India
May 23, 2017-Tuesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

SC to hear Sahara chief Subrata Roy’s property attachment case

The Supreme Court will on Friday hear the Securities and Exchange Board of India’s (SEBI) application to appoint a receiver for attaching the properties of paroled Sahara chief Subrata Roy.

india Updated: Sep 23, 2016 10:03 IST
ANI
Securities and Exchange Board of India

The apex court had on September 16 extended Roy’s parole till Friday.(AFP file)

The Supreme Court will on Friday hear the Securities and Exchange Board of India’s (SEBI) application to appoint a receiver for attaching the properties of paroled Sahara chief Subrata Roy.

The apex court had on September 16 extended Roy’s parole till Friday.

Roy has been out on parole since May after serving a two-year term in Delhi’s Tihar Jail, to hold his mother’s last rites who passed away after a prolonged illness.

In one of the last hearings, their bail was extended till September 16 on the condition that the Sahara Group deposit Rs 300 crores with the apex court.

The apex court had asked Sahara India to reveal the source of the Rs 18,000 crore it had claimed to have paid back to the investors.

Read: 25k crore repayments were done from money with group companies: Sahara