Monday, Mar 02, 2015

SC defers hearing on Sahara’s plea on releasing Subrata Roy

Sahara Group chief Subrata Roy was on March 4 sent into judicial custody. (AP) Sahara Group chief Subrata Roy was on March 4 sent into custody. (AP)
Written by Utkarsh Anand | New Delhi | March 12, 2014 2:47 pm

The Supreme Court on Wednesday deferred hearing on Sahara Group’s plea on releasing Subrata Roy for tomorrow.

On Tuesday, miffed with its chief Subrata Roy’s week-long custody in Delhi’s Tihar jail, Sahara group moved the Supreme Court, demanding his immediate release.

Moving a habeas corpus petition, Sahara’s counsel approached a bench led by Chief Justice P Sathasivam and termed Roy’s custody as illegal and beyond the scope of law.

The bench had agreed to hear the plea at 2 pm. Roy has been in jail since March 4 after a two-judge bench had rejected the group’s proposal on refunding investors. The court had called the proposal as “dishonourable”.

Sahara came up with a proposal to pay Rs 2,500 crore within three days, and the remaining amount in five installments, the last of which was to come in July 2015.

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