Sahara can't pay 10,000 crore for Subrata Roy's bail
- 5 years ago
The Sahara Group told the Supreme Court on Thursday that it will not be able to immediately deposit Rs.10,000 crore for securing bail of its chief Subrata Roy and two directors.
The counsels appearing for the group told the court that they can only raise Rs.2,500 crore immediately and deposit Rs.2,500 crore with SEBI within 21 days of Roy's release.
The Bench did not express any opinion and instead asked Sahara to file the proposal in a proper way.
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The counsels appearing for the group told the court that they can only raise Rs.2,500 crore immediately and deposit Rs.2,500 crore with SEBI within 21 days of Roy's release.
The Bench did not express any opinion and instead asked Sahara to file the proposal in a proper way.
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