Subrata Roy agrees to pay Rs 1,500 crore to SEBI; parole extended
Thursday, April 27, 2017 IST
Sahara chief Subrata Roy on Thursday aforementioned that he would pay Rs 1,500 crore. within the SEBI-Sahara account on or before June 15.
Roy's undertaking came during the hearing of a case involving him and the Securities and Exchange Board of India (SEBI) over a dispute of returning money to its investors.
Roy would furnish a post-dated cheque of Rs 552 crore to be realised by July 15. The apex court also warned Roy that he may be sent to jail again if the amount is not paid.
The top court also extended his parole till June 19. It also asked him to be present in court on June 19, the next date of hearing.
Meanwhile, the Supreme Court asked Bombay High Court's official liquidator to prepare terms for auctioning Aamby Valley for its approval on June 19.
Related Topics
Related News & Articles
The bank will not be allowed to pay depositors a sum exceeding Rs.50,000 in any savings, current or any other deposit account, the government said in a notificati...
Recently posted . 474 views . 1 min read
To the point: Museums are a gateway to the past and can actually be a very fun hang-out if you’re a history buff, or even if you just want to...
Recently posted . 746 views . 3 min read
The Greater Noida expert issued last notification to seven real estate agents for non installment of duty adding up to Rs 200 crore, on Wednesday. Prior, the...
Recently posted . 1K views . 24 min read
The former L&T executive was $2.7 million or Rs 19 crore richer in 2018 after he enchased all the unused leaves he had accumulated in the last five decades.
Recently posted . 667 views . 1 min read
If all you wanna do in life right now is to pack your bags and hit the road with your most favourite people in the world, and all you need is a list of the best pla...
Recently posted . 1K views . 5 min read
Trending News & Articles
While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content.
...
Recently posted . 64K views . 1 min read
The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...
Recently posted . 9K views . 1 min read
Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million.
Rahul and his girl friend was th...
Recently posted . 9K views . 7 min read
True – Tr...
Recently posted . 8K views . 83 min read
More in National
As consumers of fashion, we are quick to purchase clothes that catch our attention and equally fast in discarding clothes that we have worn way too many times.
Recently posted. 546 views . 1 min read
The plants reportedly cost jail authorities several lakhs.
In Uttar Pradesh's Jalaun district, convicts of a different kind walked out from the Ura...
Recently posted. 636 views . 3 min read
Susmita and Purnima Giri, two sisters from Odisha saved at least 10 people from drowning in a crocodile-infested portion of the Mahanadi river after the boat carr...
Recently posted. 698 views . 1 min read
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 2K views
Recently posted . 2K views
Recently posted . 3K views . 19 min read
Recently posted . 3K views . 94 min read
Union Home Minister Amit Shah on Hindi Divas on September 14 made a call to culturally unify India with Hindi as its national language.
Recently posted. 697 views . 1 min read
HIGHLIGHTS
*The claim comes in the wake of tense relations between the two countries in the...
Recently posted. 566 views . 2 min read