From being forcefully summoned to the court to being sent to Tihar jail for a contempt case, the Sahara Group chief faced the heat of the apex court on many occasions
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
The Court observed that the Union Cooperation Ministry's application was reasonable and in the larger interest of genuine depositors of the Sahara Group of Cooperative Societies
A bench headed by Justice MR Shah and comprising Justice CT Ravikumar passed the direction on the application filed by the government in a Public Interest Litigation by Pinak Mani Mohanty.