The Supreme Court on Friday permitted Sahara Chief Subrata Roy and two other directors to travel abroad, but made it clear if property title deeds worth Rs. 20,000 crore were not submitted to the Securities and Exchange Board of India (SEBI) in three weeks, they would have to come back to India.
A Bench of Justices K.S. Radhakrishnan and J.S. Khehar modified the October 28 order in the chamber on an application filed by Sahara seeking modification of the order to enable the contemnors to go abroad as they had been restrained from travelling till the documents were submitted to SEBI.
On October 28 the Bench had told the Sahara group to deposit the original title deeds along with a valuation report in three weeks, failing which the contemnors could not 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 over the restraint order, Sahara filed the application for modification of the order.
