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SC asks Subrata Roy to deposit Rs 600 crore by February 6

SUBRATA ROY

The Supreme Court directed Sahara Chief Subrata Roy to deposit Rs 600 crore by February 6, 2017. The apex court also extended Roy’s parole by imposing a condition that he will have surrender if the deposits are not within the stipulated time.

In October, the Supreme Court had extended his parole till November 28 taking note of the deposit of Rs 200 crores made by him with Sebi as a condition precedent for his release.

A bench of Chief justice T.S. Thakur and Justices Anil R. Dave and A.K. Sikri had passed this order after senior counsel Kapil Sibal, appearing for Mr Roy informed the court that as per the order passed on September 28, a total of Rss 215 cr had been deposited with the Sebi and that Rs 15 cr could be adjusted towards future installments.

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