Deposit Rs 5092.6 Cr to keep Subrata Roy out of Jail, SC asks Sahara

The Supreme Court on Tuesday ordered the Sahara Group to deposit five thousand ninety crore and six lakh rupees (Rs 5092.6 Cr) by April 7, 2017 in the SEBI-Sahara account to keep its chief Subrata Roy out of jail and said the amount will be refunded to the investors.

A bench headed by Justice Dipak Misra refused to give six months time to the group to sell its properties but allowed it to sell assets, mentioned in the list furnished by it, for refund of money.

However, the bench, also comprising Justices Ranjan Gogoi and A K Sikri, observed that in case the group deposits a substantial amount out of 5092.6 crore rupees by April 7, the court may extend the time to sell other properties.