New Delhi : The Supreme Court today directed Sahara group chief Subrata Roy to deposit Rs 1,500 crore in the SEBI-Sahara refund account by September seven.
A three-judge bench headed by Justice Dipak Misra was informed by senior advocate Kapil Sibal, appearing for Roy, that the Sahara chief has deposited Rs 247 crore as against the promised amount of Rs 552.21 crore which was to be deposited in the refund account by July 15. Sibal told the bench, also comprising Justices Ranjan Gogoi and A K Sikri, that the balance amount of Rs 305.21 crore out of the Rs 552.21 crore would be deposited by August 12.
The bench, however, said that Rs 1,500 crore which Roy would deposit by September seven would also include the balance amount of Rs 305.21 crore.
The apex court extended the parole granted to him earlier till October 10.
The bench asked the official liquidator of the Bombay High Court to proceed with the publication of sale notice with regard to auctioning of Sahara’s prime property at Aamby Valley.
The bench fixed the matter for further hearing on September 11.
On July 5, the apex court had noted that Roy had deposited Rs 710.22 crore in the SEBI-Sahara account, but had warned him that his cheque of Rs 552.21 crore must be realised within the July 15 deadline.
Roy had earlier told the court that he will pay Rs 1,500 crore on or before June 15 and Rs 552.22 crore exactly a month thereafter.
