Sahara Chief Subrata Roy Moves Supreme Court for Cancellation of Arrest Warrant

0
170

csr and competitiveness

Press Trust of India

SC had ordered the arrest of Roy after he failed to turn up in court in a case related to the group’s failure to refund investors’ money.

Sahara Chief Subrata Roy on Thursday moved to Supreme Court seeking cancellation of non-bailable arrest warrant issued against him and undertook to appear before it on March 4.

The order to arrest Roy was issued on Wednesday for his failure to appear before the apex court in a contempt case arising out of non refund of Rs 20,000 crore to investors by two of his companies.

The Sahara Chief has offered unconditional apology to the apex court for his non-appearance.

Roy also sought recall of the apex court’s yesterday order in which non bailable warrant was issued against him and police was ordered to arrest and produce him before it on March 4.

A bench of justices K S Radhakrishnan and J S Khehar had rejected Roy’s plea to exempt him from personal appearance on the ground of ill-health of his 92-year-old mother.

Senior advocate Ram Jethmalani, who had appeared for Roy, had produced a medical certificate from Sahara Hospital, Lucknow, on the condition of Roy’s mother and recommended that he be allowed on “humane as well as medical grounds” to be with his mother at this stage.

The bench had said since it had on February 25 declined to grant exemption, it did not find reason to accede to the renewal of the request made yesterday.

The three directors of Sahara Group, who were also summoned along with Roy, had appeared in the court yesterday.

The court had on February 20 come down heavily on the Sahara group for not refunding Rs 20,000 crore of investors money despite its order and summoned Roy, Ravi Shankar Dubey, Ashok Roy Choudhary and Vandana Bhargava, directors of its firms Sahara India Real Estate Corp Ltd (SIREC) and Sahara India Housing Investment Corp Ltd (SHIC) to be personally present before it yesterday.

Comments

comments

SHARE
Previous articleCSR Rules Finalised After Extensive Consultations: Sachin Pilot
Next articleSubscribe Digital Magazine ‘CSR & COMPETITIVENESS’
India CSR Network
India CSR Network is India's biggest and most trusted news portal in the domain of CSR & Sustainability. India CSR welcomes stories, statements, updates, reports on issues that interest you. Feedback, comments will make it more purposeful and resourceful. It is designed and maintained by India CSR Group. Contents are non-fiction. Though all efforts have been made to verify the accuracy, the same should not be construed as a statement of law or used for any legal purposes. In case of any ambiguity or doubts, readers are advised to verify with the source(s). Statement, articles, views and contributions can be sent to editor@indiacsr.in