Just in: The Supreme Court extends Sahara chief Subrata Roy's parole till July 11. Roy walked out of Tihar jail on May 6, where he was lodged for over two years, after the Supreme Court granted him a four-week parole to attend the funeral of his mother who died on May 5. Besides Roy, the apex court also granted parole to a jailed Sahara director Ashok Roy Choudhary, who is a relative of Subrata Roy.

The court extended Roy's parole till 11 July on condition that he would deposit Rs 200 crore. The SC said that the "failure to deposit Rs 200 crore by July 11 shall land Roy back in Tihar jail".

The court also directed SEBI to continue with the auction of his properties and observed that the "value of Sahara assets is many times more than its dues." Roy has submitted a list of his immovable assets to the court and requested the court to keep details in a sealed envelope. The SC has permitted Roy movement within the country.


Roy's mother Chhabi Roy, 95, passed away in Lucknow after prolonged illness.

"Both Subrata Roy and Ashok Roy Choudhary were released around 8.45 pm from the jail number 1 of Tihar where they had been lodged since March 4, 2014," said a senior jail official.

The court has directed that Roy would be under the protective custody of police during the parole period. His counsel Kapil Sibal assured the court that he will not try to escape or run away.

He was sent to jail on the orders of Supreme Court in a long running dispute with market regulator SEBI.