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Sahara Chief Subrata Roy offers to pay Rs 300 crore as bank guarantee in SC

On August 3, SC had extended the parole of Roy till Sept 16 with a condition that he has to deposit Rs 300 crore with SEBI

Press Trust of India  |  New Delhi 

Sahara Chief Subrata Roy on Friday offered in Supreme Court to pay an additional Rs 300 crore to Security and Exchange Board of India (SEBI) but said the amount should be adjusted as bank guarantee. A bench headed by Chief Justice T S Thakur directed that the matter be listed next week after senior advocate Kapil Sibal, appearing for Roy, mentioned the matter before it. "I am ready to pay additional Rs 300 crore but this amount should be adjusted as a bank guarantee," Sibal told the bench that also comprised Justices A M Khanwilkar and D Y Chandrachud. On ...

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First Published: Fri, August 26 2016. 16:28 IST
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