NEW DELHI (Reuters) - The Supreme Court will resume hearing on Wednesday a petition filed by the head of the Sahara group seeking his release from custody.
Sahara Chairman Subrata Roy, 65, was arrested on February 28 after failing to appear at a contempt hearing in a long-running legal battle between the group and Securities and Exchange Board of India (SEBI) over refund of billions of dollars to investors in outlawed bonds.
He has been held in a Delhi jail since March 4.
(Also read, Investors fear for their deposits after Sahara chief's arrest click http://blogs.reuters.com/india/2014/03/07/investors-fear-for-their-deposits-after-sahara-chiefs-arrest/)
(Reporting by Suchitra Mohanty; Writing by Devidutta Tripathy; editing by Malini Menon)
