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Pay Rs 5,000 cr by April 7 for freedom: SC to Subrata Roy

Allows sale of 16 assets in list given to it, with various stipulations

A view of Supreme Court of India building in New Delhi. Photo: PTI
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A view of Supreme Court of India building in New Delhi. Photo: PTI

M J Antony New Delhi
The Supreme Court asked Sahara group chief Subrata Roy to deposit Rs 5,092 crore by April 7 if he wished to not return to prison, from where he was released on parole last year.

Only if he deposits a “substantial” amount, will the court will consider extending his parole, now extended till April 17

The court allowed him to sell 16 assets in the list given to it by his counsel, Kapil Sibal. The counsel wanted six months to pay the amount mentioned earlier to the Securities and Exchange Board of India (Sebi), which has accused Sahara