SC tells Sahara to file review petition for chief Subrata Roys foreign travel

Written by feBureau | New Delhi | Updated: Oct 31 2013, 10:08am hrs
In a desperate push to get Monday's order rectified, the Sahara group once again raised the issue before the Supreme Court that asked the conglomerate to move a review application for modification of the order that barred its chief Subrata Roy and three directors from going abroad till they submitted original title deeds of their assets worth R20,000 crore to Sebi.

While refusing to pass any order on Wednesday, a bench headed by Justice KS Radhakrishnan said: File a review. I can't do it myself. This is a different bench.

Pointing to the difference in the decision that was uploaded on the Supreme Court website and the order passed in an open court, senior counsel CA Sundaram, appearing for the Sahara group, submitted that I am not asking for review, but only seeking the order dictated in the court. In recording the order, there was an error.

He cited Roy's prior business appointments to urge the court to lift the restraint order.

Claiming that there was a mistake in the Monday's order that was uploaded on the internet late in the day, the Sahara Group on Tuesday asked the apex court to look into its order that restrained Roy and its directors -- Vandana Bhargava, Ravi Shankar Dubey and Ashok Roy Choudhary -- from leaving the country till the group handed over the title deeds to Sebi.

At Monday's hearing, the court had initially threatened to pass a restraint order, but later appeared to have withdrawn the order when Sundaram raised the issue of violation of fundamental rights.

However, the order uploaded on the apex court's website said that Roy and other directors cannot leave the country till documents are supplied to SEBI.

Sundaram had submitted that the bench comprising justices K S Radhakrishnan and JS Khehar had in the open court ordered that if the the real estate-to-retail group failed to handover the title deeds to the market regulator within three weeks then only Roy and other directors would be restrained from going abroad.