The Sahara Group on Tuesday moved the Supreme Court claiming there was a mistake in its Monday’s order restraining its chief Subrata Roy from leaving the country till it hands over title deeds of its properties worth Rs. 20,000 crore to SEBI.
Senior advocate C A Sundaram, appearing for Sahara Group, submitted that the apex court had on Monday said if documents are not handed over to the market regulator within three weeks only then Mr. Roy would be restrained from going abroad.
Appearing before a bench of justices K S Radhakrishnan and A K Sikri, he said that the order uploaded on the apex court website, however, said that Mr. Roy is restrained from going abroad till documents are supplied to SEBI which is different from what the bench had on Monday said.
After hearing Mr. Sundaram’s contention, Justice Sikri said he will consult his brother judge Justice J S Khehar, who was part of the bench which passed the order on Monday, and will consider the plea.
Holding that it was playing “hide and seek” and cannot be trusted any more, the apex court had on Monday directed the Sahara Group to hand over title deeds of its properties worth Rs. 20,000 crore to SEBI warning that failure to comply would mean Subrata Roy cannot leave India.
The order which was uploaded on Supreme Court website, however, said, “Till the above direction (to hand over title deeds to SEBI) is complied with to the satisfaction of SEBI, the alleged contemnors (Roy and other directors) shall not leave the country without the permission of this court.”
The order was passed by justices Radhakrishnan and Khehar on Monday.
