Supreme Court extends Sahara chief Subrata Roy’s parole till November 28

Last month, the apex court had observed that there is 'no faith left' even as it extended Roy's parole.

By: Express Web Desk | New Delhi | Updated: October 25, 2016 7:16 pm
Subrata roy, Sahara group, Subrata Roy parole, Subarata Roy jail, Subrata Roy Supreme Court, Sahara Group chief Subrata Roy.

The Supreme Court on Friday extended Sahara chief Subrata Roy’s parole till November 28, after Sahara deposited Rs 200 crore today and said it will deposit Rs 200 crore more by November end. Last month, the apex court had observed that there is ‘no faith left’ even as it extended Roy’s parole on the condition of the group depositing Rs 200 crore more with the Sebi for refunding investors.

WATCH VIDEO: Sahara Chief Subrata Roy’s Parole Extended Till November 28

 

Senior advocate Kapil Sibal, who is representing the Roy and Sahara group, had earlier made a reference to the case of founder-owner of Kingfisher Airlines Vijay Mallya, who has been evading proceedings arising out of non-repayment of bank loans. While requesting the court for a considerate view, he contended, “Here is a person who has to pay back some hundreds of crores and he is unable to come back to India. I have already paid back more than 10,000 crore.”

Sibal had argued that instead of paying Rs 200-300 crore every month and earn freedom for a short duration, he would want to stay out of jail for a year and a half and pay the remainder in this duration. “I will give you (court) a road map and milestones on making the payments. Give me one-and-half year to make me pay. I know I have to pay but let me do it in my own way. Allow me a free hand and let me sell my properties whosoever I want to sell it to,” said Sibal.

WATCH VIDEO: Supreme Court Directs Vijay Mallya To Fully Disclose Foreign Assets In 4 Weeks 

 

Sibal also told the court that the group is facing difficulties in selling properties, but it was trying to sell its two offshore hotels. To this, the bench asked Sahara to prepare and discuss the roadmap for future payments.

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First Published on: October 21, 2016 4:16 pm
  1. I
    IML sood
    Oct 21, 2016 at 2:37 pm
    Money power game being pla by zero theory lawyer in SC, what type of mockery, not easy to comprehend!
    Reply
    1. P
      Pracharak
      Oct 21, 2016 at 12:55 pm
      SUPREME CORRUPT came to know that Subrato Roy's one of the many CONCUBINES is sick and IT TOOK SUO MOTO of the information and VOLUNTARILY extended his parole, of course after the criminals judges' bank accounts were filled.
      Reply
      1. M
        module
        Oct 21, 2016 at 12:13 pm
        Sahara has done may good things for country and sports as well. At the time, when Indian sports were sinking for money problem, then time sahara spends/invested lots of money to bring back sports cultures in main steam. Perhaps, he earns money, but then did something good, like reliance, not looting money. SC or Govt. has guts, please bring Vijay Mallaya back to India.
        Reply
        1. D
          Dr. Anil
          Oct 21, 2016 at 11:29 am
          How much money did he paid to the corrupt judges of corrupt Indian judiciary. lt;br/gt;These courts takes actions only against non corrupt people. Criminals either being released like Shahbuddin or being extended their parole like Subarta Roy. lt;br/gt;Salute to corrupt judges of corrupt Indian judiciary system.
          Reply
          1. S
            S Subramaniam
            Oct 21, 2016 at 3:09 pm
            Who will not question the wisdom of the Collegium for appointing Judges who "order, jail, bail and parole", for a particular accused when the entire Country expects transparency in selection, appointment and transfer of Judges
            Reply
            1. P
              PRAVIN S
              Oct 21, 2016 at 2:11 pm
              sha bu din sent back to jail becoz he was muslim sub ro to - left out becoz he is bra h m i n
              Reply
              1. P
                PRAVIN S
                Oct 21, 2016 at 2:10 pm
                y ka t ju not barking now
                Reply
                1. B
                  Bharat
                  Oct 21, 2016 at 3:43 pm
                  Can any body can give reasons on the below points;lt;br/gt;*Why Subrata was but under custody for two years when there is a provision to free him on parole.lt;br/gt;*He has not sold any property but still paid 1200 CR, can any body knows the source of supply of this amount? lt;br/gt;*What criteria court has in mind setting paroole amount as 200CR?lt;br/gt;"Great India"
                  Reply
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