SC rejects Subrata Roy’s bail plea

July 22, 2014 11:43 pm | Updated November 16, 2021 07:12 pm IST - NEW DELHI:

The Supreme Court on Tuesday refused to release Sahara Group chief Subrata Roy on interim bail or parole. File photo

The Supreme Court on Tuesday refused to release Sahara Group chief Subrata Roy on interim bail or parole. File photo

The Supreme Court on Tuesday refused to grant bail to Sahara chief, Subrata Roy, for 40 days to negotiate with prospective buyers for the three hotels his company owns abroad.

Mr. Roy has been in Tihar Jail since March 4 and this is the fourth time his bail has been rejected. The court had earlier rejected a plea for keeping Mr. Roy under house arrest to facilitate negotiations with buyers. In today’s order, a three-judge Bench of Justices T.S. Thakur, Anil R Dave and A.K. Sikri, however permitted the sale of the three hotels — Dream Downtown and The Plaza in New York and Grosvenor House in London — towards mobilising Rs. 10,000 crore for executing Mr. Roy’s bail bond for his release from jail.

If the Sahara group came up with a “concrete proposal” it would allow Mr. Roy to negotiate his business deals through video-conferencing from a guest house in New Delhi between 10 am and 4 p.m., the court said.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.