Defiant Sahara group chief Subrata Roy faces 'detention' after Supreme Court issues non-bailable warrant

Feb 26 2014, 15:38 IST
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Subrata Roy was ordered to appear personally in the Supreme Court in connection with the failure of Sahara Group companies to refund Rs 20,000 crore to investors. (Reuters) Subrata Roy was ordered to appear personally in the Supreme Court in connection with the failure of Sahara Group companies to refund Rs 20,000 crore to investors. (Reuters)
SummarySahara Group chief Subrata Roy did not appear before Supreme Court despite being ordered to do so.

The Supreme Court on Wednesday issued a non-bailable warrant against Sahara chief Subrata Roy for failing to show up in court in connection with the group's failure to refund investors' money.

After the Supreme Court's order, police may detain Subrata Roy and produce him in the court on the next date of hearing.

A bench of Justices K S Radhakrishnan and J S Khehar issued the coercive process after rejecting his counsel's plea for granting him personal exemption from personal appearance since he was with her ailing mother, who was on her deathbed. The court fixed March 4 as the next date of hearing.

"We had already declined yesterday Subrata Roy's plea seeking exemption from personal appearance. He has not appeared even today and we are issuing non bailable warrant returnable for March 4," said the bench while noting that Subrata Roy was the only person out of the four summoned who failed to remain present.

The court added, "The arms of this court are very long. This is the Supreme Court of the land."

Earlier, Subrata Roy was ordered to appear personally in the Supreme Court in connection with the failure of Sahara Group companies to refund Rs 20,000 crore to investors - his last ditch effort to get exemption from personal appearance in the apex court was rejected.

The bench did not agree with Sahara Chief's counsel Ram Jethmalani's submission that he be granted exemption from personal appearance and he will make payment as per the directions.

When Jethmalani mentioned the matter, the bench said the rule of law should prevail and court's order should be implemented in letter and spirit.

The bench had on February 20 come down heavily on the Sahara group for not refunding Rs 20,000 crore of investors money despite its order and summoned Roy, Ravi Shankar Dubey, Ashok Roy Choudhary and Vandana Bhargava, directors of its firms - Sahara India Real Estate Corp Ltd (SIREC) and Sahara Housing Fina Corporation Ltd to be personally present before it.

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