Sahara has no cash for Roy's bail
The Sahara Group on Thursday told the Supreme Court that they cannot deposit Rs 10,000 crore immediately for its chief Subrata Roy release from Tihar Jail.
The company said it could raise only Rs 2,500 crore for Roy's bail as of now.
The Sahara Group's lawyer said the company will pay the rest of the money within three weeks after Roy release.
However, the apex court rejected the proposal.
Even after the Supreme Court granted him conditional bail, Roy will continue to remain behind bars till Rs 10,000 crore is deposited.
The Supreme Court on Mar 26 granted conditional bail to Roy and ordered him to deposit Rs 10,000 crore with market regulator Securities and Exchange Board of India (SEBI) for his interim release.
The apex court said Roy has to deposit Rs 5,000 crore in cash, and another Rs 5,000 crore through a bank guarantee.
(Posted on 03-04-2014)
Information on States of India:
Andaman Nicobar | Andhra Pradesh | Arunachal Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal
INDIA REGIONAL MAPS:
Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |
KERALA TRAVEL MAPS:
TRAVEL MAPS OF INDIA:
INDIA CITY MAPS: