SEBI-Sahra case : Supeme Court summons Subrata Roy over unpaid dues
New Delhi, Jan 31 (IBNS) : The Supreme Court on Thursday summoned Sahara group chief Subrata Roy on February 28 for failing to deposit Rs. 25,700 crore in the SEBI-Sahara case for returning investors' money, NDTV said.
A three-member bench of the apex ourt said Roy must appear before it since his action did not inspire the court's confidence even after six months were given to Sahara to arrange the amount.
The bench, headed by Chief Justice Ranjan Gogoi noted that the group has deposited only Rs. 15,000 crore.
The bench, also comprising Justices AK Sikri and SK Kaul, declined to give any further chance to Subrata Roy and other directors to comply with its previous orders.
It said it had decided to proceed with the matter so that the law takes its own course and directed Roy and other directors to appear before it personally on next date of hearing.
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