SC: No bail, Subrata Roy stays in jail till March 25

March 13, 2014 16:14

Just in: The Supreme Court has adjourned the hearing in the Subrata Roy case till March 25. Which means the Sahara chief stays in jail till at least March 25, which is when the next hearing will be.

The court has said Roy will have to stay in jail indefinitely till Sahara gives an acceptable proposal on how it will refund Rs 20,000 crore to investors. Refusing Roy interim bail, the SC says it will look into the plea only after a suitable repayment proposal is received. "The key is in your hand," the SC tells Roy.

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