Zee Media Bureau
New Delhi: The Supreme Court on Wednesday agreed to hear the Sahara Group's plea for release of
Subrata Roy.
Earlier on Monday, the apex court had deferred hearing in Roy's case slated for Tuesday, apparently in the absence of any concrete refund proposal.
Subrata Roy, other two directors of Sahara Group have contended that their detention ordered by SC is illegal.
On the last date of hearing on March 7, the apex court had asked the Sahara group to come out with "honourable proposal" for depositing Rs 20,000 crores of investors money and posted the hearing on March 11.
The special bench had on March four sent Roy and two Directors Ravi Shankar Dubey and Ashok Roy Choudhary to judicial custody till March 11 while expressing unhappiness over the proposal of his group on the refund of investors' money.
It had rejected Sahara's proposal which had offered to pay Rs 2,500 crore within three days and the rest of the amount in five instalments by the end of July, 2015.
"It is not a proper proposal and the proposal should be honourable," the bench had said.
With PTI Inputs
