Subrata Roy all set to get Supreme Court relief to leave Tihar jail
April 16, 2014  18:02
The Supreme Court on Wednesday said it was contemplating to relax a Rs 10,000 crore payment condition to enable Sahara chief Subrata Roy to come out of jail, even as Sahara alleged the detention order was "pre-written" and the judges simply pronounced it on March 4.

Challenging the validity of the detention order, Sahara counsel Rajiv Dhavan contended that the manner in which the order was pronounced, it appeared as if the order was already prepared.

"It was a pre-written order and was just pronounced in the court," he said. Dhavan said that neither the court nor the SEBI had been "entirely fair" with the group and its people and even the Supreme Court rules were not followed in sending Roy and two other directors to jail. He added people in jail cannot do business.

As Sahara counsel continued to argue, the bench of Justices K S Radhakrishnan and J S Khehar said they were considering relaxing the condition of paying Rs 10000 crore to secure the release of Roy and others.

"We thought on our own to modify certain conditions since you said you are unable to collect money. It is not final but we considered it on our own," the bench told Dhavan.

It has also asked Sahara to move a formal application if it wanted to have its bank accounts defreezed. Read more
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