SC to Roy: Interim bail for Rs 10,000 crore

March 26, 2014 14:30

Yesterday, the Sahara Group, submitted a fresh proposal in the Supreme Court to repay its bond investors, while pleading for the release of Subrata Roy, the group chief who has been held in Delhi's Tihar jail since March 4. Sahara has promised to pay Rs 20,000 crore in tranches by March 31, 2015 to market regulator Sebi, which can use the money to repay the group's bond holders.

The SC asks Subrata Roy to pay Rs 5,000 crore as cash and Rs 5,000 crore as bank guarantee in favour of SEBI. The SC agrees to defreeze bank accounts of Sahara companies to raise the Rs 10,000 crore and adjourns the case for tomorrow asking the group to give details of the bank account numbers which are to be defreezed.

« Back to LIVE

TOP STORIES

Jolt to MVA as Cong leader quits campaigning over no Muslim LS candidate

In a letter to Kharge, Khan said he will not campaign for party candidates for the remaining phases of the Lok Sabha polls and is also resigning from the state Congress campaign committee.

NIA chargesheets 14th accused in 2022 Coimbatore car bomb case

Naseer and his associates had conspired to wage war against the government of India and also to kill Indians in order to destabilise the country and create communal disharmony, it said.

India's Biggest Bow Arch String Girder

Glimpses of India's biggest Bowstring/Bow Arch Sting Girder installed by the Hindustan Construction Company on the Bandra-Worli Sea Link at 3.25 am, Friday, April 26, 2024.

IPL PIX: Punjab Kings beat KKR in record chase

IMAGES from the Indian Premier League match played between Kolkata Knight Riders and Punjab Kings in Kolkata on Friday.

'Stats are going out of the window'

'Very pleasing. Most importantly the win, cricket has turned to baseball isn't it? We're delighted with the two points.'