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- Certificate Course on Energy Law and Management in India @ NLSIU Bengaluru [February 15-17]: Register by Dec 10
- GNLU’s Online Diploma and PG Diploma Courses: Register by December 1
- 5th ILS National Alternate Judgement Writing Competition 2017-2018
- Gujarat National Law University’s 3rd National B Plan Competition – Exuberance 2018: Deadline- January 15, 2018
- Supreme Court Directed To Install CCTV Cameras In Courts, Says There Is No Need For Privacy
Sahara chief, Subrata Roy has been in a discussion since long time as Sahara had issued the debentures without following a proper procedure, for which SEBI ordered Sahara to stop issuing the said bonds and return money to investors.
In default to reimburse the money of investors, he was sent to jail. However, on May 6, 2016 Court granted Roy four-week parole to attend his mother’s funeral. His parole has been extended by the court ever since, during the period of parole, he has been paid some amount of defaulting amount at regular intervals.
On last date of hearing before Supreme Court directed him to deposit the remaining installment on June 19. Today, he has not deposited the money, senior advocate Kapil Sibal, appearing for Subrata Roy argued that Rs 790.18 have been already been deposited with the SEBI-Sahara account and 10 more working days be granted for submission of the remainder.
Court acceded his request and granted 10 more working days to Sahara chief to deposit Rs 710 crore with the Sahara-SEBI refund account.