AMN /
The Supreme Court has asked Sahara company to file its detailed assets in a sealed cover by 11th of May. During an hearing on a case yesterday regarding Sahara’s failure to return money to its investors, market regulator SEBI through its lawyer informed the court that it had engaged two agencies to start the sale of Sahara’s properties. SEBI also told the top court that the process is likely to be completed within four months.
A three-judge bench headed by Chief Justice T S Thakur, however, refused to grant parole to Sahara chief Subrata Roy, saying that so far its orders have not been complied with substantially.
Mr. Roy has been in Tihar Jail in Delhi since 2014. The Apex Court had ordered his arrest after he failed to appear before the court in connection with the Rs 24,000 crore deposits his company has not refunded to investors.
