Subrata Roy in jail: Supreme Court refuses interim bail to Sahara chief

Mar 13 2014, 16:37 IST
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Beleaguered Sahara chief Subrata Roy had challenged his detention order, calling it 'illegal and unconstitutional'. Beleaguered Sahara chief Subrata Roy had challenged his detention order, calling it 'illegal and unconstitutional'.
SummarySupreme Court has put the onus of his freedom on Subrata Roy himself.

Yet another hearing in the Subrata Roy Sahara group case has ended in disappointment for the corporate honcho who will have to spend some more time in Delhi's Tihar jail.

Apex court has put the onus of his freedom on Subrata Roy himself.

"We will consider your plea for bail only if you come up with some proposal on payment of money," the Supreme Court said, adding, "Key is in your hand."

Sahara Group's plea against detention order to be heard on March 25.

Beleaguered Subrata Roy on Wednesday had challenged before the Supreme Court his detention order passed by a two-member bench calling it "illegal and unconstitutional" and demanded his release.

"Declare the order dated 04.03.2014 as void, nullity and non-est in the eyes of law," said the petition on behalf of Subrata Roy.

The Sahara Group's lawyers failed to get any immediate relief with a bench headed by Chief Justice P Sathasivam referring the matter through a habeas corpus petition to a two-member bench of Justices K S Radhakrishnan and J S Khehar, to be heard on Thursday.

On March 4, the two-judge bench had sent Subrata Roy and two of company's directors to Tihar jail in connection with the case relating to non-refund of Rs 20,000 crore to its investors.

Also check:

Quote: Sahara Housing Fina Corporation Ltd

Quote: Sahara One Media and Entertainment Ltd

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