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Can't pay Rs 10,000 crore for Subrata Roy's bail: Sahara

May 10, 2014, 9:33 am

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Sahara group expressed its inability before Supreme Court on Thursday to immediately deposit Rs 10,000crore for securing bail of its chief Subrata Roy and two directors.

Sahara group expressed its inability before Supreme Court on Thursday to immediately deposit Rs 10,000 crore for securing bail of its chief Subrata Roy and two directors.

Recently, the apex court had agreed to release Subarata Roy from custody, but only after the group deposits Rs 10,000crore in cash and bank guarantees.

Recently, the apex court had agreed to release Subarata Roy from custody, but only after the group deposits Rs 10,000 crore in cash and bank guarantees.

Sahara chairman Roy was arrested on February 28 and has been held in a Delhi jail since March 4.

Sahara chairman Roy was arrested on February 28 and has been held in a Delhi jail since March 4.

He failed to appear at a contempt hearing in a long-running legal battle between the group and the Sebi over the refund of more than Rs 24,000 crore to investors.

He failed to appear at a contempt hearing in a long-running legal battle between the group and the Sebi over the refund of more than Rs 24,000 crore to investors.

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