On April 21, a SEBI court had cancelled the non-bailable arrest warrants against Roy and three of his group firms' directors after they appeared before it in a case filed by the SEBI against them.
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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