SC extends Sahara Chief Subrata Roy's interim bail till July 5

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New Delhi: Supreme Court has granted 10 more working days to Sahara chief Subrata Roy to deposit Rs 709.82 crore with the Sahara-SEBI refund account.

The apex court extended its interim order granting bail to the Sahara chief till July 5, the next date of hearing.

Sahara chief Subrata Roy on Thursday reached Supreme Court in compliance of its order directing him to appear before it. The court has extended his parole till June 19.


Earlier, Roy took an undertaking in SC to pay Rs 1,500 crore in SEBI-Sahara account on or before June 15. He furnished a post-dated cheque of Rs 552 crore to be realised by the mentioned date.

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The SC had asked Roy to be present in court on June 19, the next date of hearing issuing a warning that he may be sent to jail again if the amount is not paid.

SC has also asked Bombay HC's official liquidator to prepare terms for auctioning Aamby Valley for its approval on June 19.

The Supreme Court had on April 6 said if the Sahara Group fails to deposit Rs 5092.6 crore in SEBI-Sahara refund account by April 17 in pursuance of its order, it will be "compelled" to auction its property valued at Rs 39,000 crore at Aamby Valley in Pune.

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