Sahara told to file plea for modifying restraint order

October 30, 2013 02:58 pm | Updated November 16, 2021 08:53 pm IST - New Delhi

A view of the Supreme Court of India. File photo

A view of the Supreme Court of India. File photo

The Supreme Court has asked the Sahara group to file an application, seeking modification its order restraining Subrata Roy and two other directors from leaving the country until the original title deeds of properties worth Rs. 20,000 crore are deposited with the Securities and Exchange Board of India(SEBI).

A Bench of Justices K.S. Radhakrishnan and J.S. Khehar, while dictating the order in open court on Monday, said the Sahara group should deposit the original title deeds along with a valuation report in three weeks, failing which the contemnors could not the leave the country. This meant the restraint order would operate after three weeks if it was not complied within that period.

However, when the signed order was uploaded on the court website, it read, “...till the title deeds are submitted to the SEBI the contemnors cannot leave the country without the permission of the court,” thereby saying they were restrained from leaving the country with immediate effect.

Aggrieved, senior counsel Aryama Sundaram on Tuesday brought to Justice Radhakrishnan’s notice that there was an error in the order with a request that it be modified. The judge, who was sitting in a different combination, said he would consult Justice Khehar and consider the request. (The Bench was hearing the SEBI’s contempt petitions against Sahara for not complying with directions on refund of deposits.)

On Wednesday, when Mr. Sundaram again took up the matter, Justice Radhakrishnan asked him to file a review petition for modification of the order.

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