Roy and two other directors, Ravi Shankar Dubey and Ashok Roy Choudhary, were arrested for failure of the for failure of the group's two companies Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL) to comply with the court's August 31, 2012 order to return Rs 25,000 crore to their investors
It was March 4, 2014 when Sahara chief Subrata Roy came to the Supreme Court to appear in pursuance to a non-bailable warrant against him for failing to deposit Rs 25,700 crore in the SEBI-Sahara case for returning investors' money.
Subrata Roy personally appeared in SC in 2014, taken into custody in SEBI-Sahara case newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.
The Supreme Court on Wednesday allowed an application filed by the Union government seeking Rs5,000 crore allocation to pay back to the depositors out of Rs24,000 crore deposited by Sahara group with market regulator Securities and Exchange Board of India (SEBI).
While asking the central registrar of multi-state co-operative societies to furnish a report after examination of applications of Sahara group investors claiming that they have not received their money even after maturity, the Delhi High Court has restrained Sahara Group societies from accepting any new deposits, says a report.