The Supreme Court on Monday extended the parole of Sahara India's Chief Subrata Roy till July 5.
The SEBI court cancelled the NBWs against them after they furnished fresh bail bonds of Rs. 2 lakh each and gave undertakings to the court that they would attend its trial proceeding against them regularly.
The SEBI had registered a case against Sahara India Real Estate Corporation, Sahara Housing Investment, their promoter Subrata Roy and the three directors in 2012, alleging that these companies had collected a huge sum of money from investors without listing the securities on the stock exchanges.
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