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Sahara Chief Subrata Roy’s Parole Extended Till November 28

The Supreme Court extended Sahara chief Subrata Roy’s parole till November 28, after Sahara deposited Rs 200 crore on Friday 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. Requesting the court for a considerate view, Senior advocate Kapil Sibal, who is representing Roy and the 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. 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.