The Supreme Court on Thursday directed Sahara group chief Subrata Roy to appear before it on February 28 for failing to deposit Rs 25,700 crore in the SEBI-Sahara case for returning investors' money.
The apex court said six months were given to Sahara by its last order to arrange the amount but what has transpired during the period has not inspired the confidence of the court.
A bench headed by Chief Justice Ranjan Gogoi noted that the group has deposited only Rs 15,000 crore.
Supreme Court today granted another opportunity to Sahara Group to deposit rest of the money of Rs 9,000 crore approximately with the SEBI Sahara account, else the law will take its own course. SC also sought personal presence of Subrata Roy on the next date of hearing- Feb 28 pic.twitter.com/vd9ZaLilAG— ANI (@ANI) January 31, 2019
The bench, also comprising Justices A K Sikri and S K Kaul, declined to give any further chance to Roy and other directors to comply with its previous orders.
It said it had decided to proceed with the matter so that the law takes its own course and directed Roy and other directors to appear before it personally on next date of hearing.