Sahara seeks modification in Apex court order barring Roy to go abroad

PTI New Delhi | Updated on March 12, 2018 Published on October 29, 2013

Sahara India chief Subrata Roy Sahara during an event in New Delhi. File photo: Shanker Chakravarty

Sahara Group today moved the Supreme Court claiming there was a mistake in its yesterday’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 yesterday said if documents are not handed over to the market regulator within three weeks only then 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 Roy is restrained from going abroad till documents are supplied to SEBI which is different from what the bench had yesterday said.

After hearing 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 yesterday, and will consider its plea.

Holding that it was playing “hide and seek” and cannot be trusted any more, the apex court had yesterday 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 yesterday passed by justices Radhakrishnan and Khehar.

Published on October 29, 2013
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