SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Sep, 2014  

subrata-roy-saharaTHMB.jpg SC turns down Subrata Roy's plea for parole

subrata-roy-sahara.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 22 Jul, 2015
The Supreme Court Tuesday turned down Sahara Group chairman Subrata Roy's plea for release on parole to arrange the sale of three overseas hotels to generate Rs.10,000 crore to be returned to investors.

A bench headed by Justice T.S. Thakur said that in case a concrete proposal came before the court regarding the sale of property, then it would examine it and permit him to be released from 10 a.m. to 4 p.m. for the time it took to finish the transaction.

The apex court had July 4 reserved its order on Roy's plea.

Roy and two other directors Ravi Shankar Dubey and Ashok Roy Choudhary are currently under custody since March 4 for the failure of two group companies to comply with the apex court's Aug 31, 2012, and Dec 5, 2012, order to return investors' money, which in 2012 was Rs. 24,000 crore.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter