By an order passed on 1st August 2014, the Supreme
Court allowed Sahara group chief Subrata Roy and other officers lodged in Tihar
Jail to use the conference room of Jail No.3 at Tihar Jail Delhi for 10 days
starting 5th August and also allowed them to use the facilities of video
conferencing, internet/wifi, secretarial staff, laptop, mobile and landline
with STD/ISD facility to negotiate with prospective buyers of hotel properties
of Sahara to comply with Supreme Court’s order of deposit of Rs.5000 crore in
cash (out of which Rs.3000 crore stands deposited by Sahara group). It may be
recalled that by its order dated 26th March 2014, the Supreme Court
had granted interim bail to Subrata Roy and other officers subject to the
Sahara group depositing Rs.5000 crore in cash and Rs.5000 crore by way of Bank
Guarantee from a nationalised bank in favour of SEBI.
Read the Full Order.
Sunil Goel advocate B.Sc. L.Lb L.Lm
