SC quashes petition seeking release of Sahara chief Subrata Roy

SC held that Sahara's habeas corpus petition was not maintainable in law and that the group deserved no relief.

Written by Utkarsh Anand | New Delhi | Updated: May 6, 2014 1:28 pm
Supreme Court had on April 10 rejected a plea to release Subrata Roy from jail. Supreme Court had on April 10 rejected a plea to release Subrata Roy from jail.

In a major setback for the Sahara group, the Supreme Court on Tuesday dismissed its petition on release of its Chief Subrata Roy and two other directors, who had been jailed for more than two months in connection with a contempt case on non- refund of investors’ money.

A bench of Justices K S Radhakrishnan and J S Khehar held that Sahara’s habeas corpus petition was not maintainable in law and that the group deserved no relief in view of its persistent defiant and non cooperative attitude.

The court also threw out Sahara’s theory on having already redeemed the investors, pointing out not only a previous order had junked this proposition, but also since Sahara failed to adduce any authenticated documents to corroborate this.

The bench “deprecated” the group’s “mindgames” to nudge the judges recuse from hearing this petition and slammed it for disobedience of court orders.

A court of law, the bench said, had the powers under the Code of Civil Procedure, to enforce it’s judicial order by directing detention of a person and hence there was nothing illegal in ordering detention of Roy and directors.

Expressing concerns over spending more than 100 hours spanning over 80 days, the court also suggested slew of steps to the legislature to help save the precious judicial time.

When mentioned by Sahara’s counsel, the bench said they could move a new proposal for the court’s consideration.

Roy and two directors are in Delhi’s Tihar jail in judicial custody since March 4 for not abiding by the apex court’s order for depositing Rs 20,000 crore of investors money with SEBI.

The apex court had earlier imposed a condition that Roy will be freed on bail only if he pays Rs 10,000 crore out of which Rs 5,000 crore has to be in bank guarantee and rest Rs 5,000 crore in cash.

Sahara group had submitted that Roy be released forthwith to facilitate negotiations with people for the purpose of raising money to comply with the apex court’s order. It also pleaded that its bank accounts be defreezed which was frozen by the court on November 21 last year.

In his petition, 65-year-old Roy had said that the apex court’s order for detaining him for not paying over Rs 20,000 of investors’ money with SEBI was illegal and unconstitutional and sought quashing of the order.

 

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  1. A
    Anuj
    May 6, 2014 at 12:24 pm
    What does it take to satisfy SC? And how could they ask for 10k crore rupees as a bail amount?
    Reply
    1. M
      Mukesh
      May 6, 2014 at 12:37 pm
      Supreme court needs to lend him a sympathetic ear as he has spent enough time and cost in this case.
      Reply
      1. N
        Nidhi
        May 8, 2014 at 7:08 am
        We as a citizen of India must help subrata roy to get out of this fake trap of ministers. He is the backbone of lacs of people and must be supported by SC too...SC must release him soon...
        Reply
        1. A
          a
          May 8, 2014 at 7:09 am
          I am with subrata roy and believe that he will be released soon.
          Reply
          1. S
            sonakshi
            May 7, 2014 at 4:55 am
            Subarata Roy is having high spirit. They know the scene behind the curtain. No investor protest but an issue for asking huge money and rejecting all practical proposal, all signifies something nasty dish is cooking up.
            Reply
            1. R
              Riya Mehta
              May 6, 2014 at 12:19 pm
              i seriously has lost trust on our law and justice, even after giving all the submissions stll he is not released its a poor game in which a innocent man is suffering
              Reply
              1. S
                saksho
                May 8, 2014 at 7:03 am
                Subrata Roy is right and he must be release soon.
                Reply
                1. S
                  Sara Bhatia
                  May 6, 2014 at 12:08 pm
                  after giving all the evidences and submissions of proposals still Mr Roy is not released this is what our judgements are like??? not acceptable!!!
                  Reply
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