The Supreme Court will on Friday hear the Securities and Exchange Board of India's (SEBI) application to appoint a receiver for attaching the properties of paroled Sahara chief Subrata Roy.
The apex court had on September 16 extended Roy's parole till today.
Roy has been out on parole since May after serving a two-year term in Delhi's Tihar Jail, to hold his mother's last rites who passed away after a prolonged illness.
In one of the last hearings, their bail was extended till September 16 on the condition that the Sahara Group deposit Rs. 300 crores with the apex court.
The apex court had asked Sahara India to reveal the source of the Rs. 18,000 crore it had claimed to have paid back to the investors.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app