Subrata Roy gets bail
- 5 years ago
Sahara chief Subrata Roy was today granted bail after 22 days in jail, but the Supreme Court has ruled that he has to first deposit Rs. 10,000 crore with market regulator Securities and Exchange Board of India, half of it in cash.
The ruling comes a day after Sahara submitted a fresh proposal to return crores that owes to around three crore small investors. On Tuesday, the company had said that it would pay Rs. 20,000 crore by March 15, 2015, in five instalments. The new proposal adds up to Rs. 3,000 crore more than what the company proposed earlier.
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The ruling comes a day after Sahara submitted a fresh proposal to return crores that owes to around three crore small investors. On Tuesday, the company had said that it would pay Rs. 20,000 crore by March 15, 2015, in five instalments. The new proposal adds up to Rs. 3,000 crore more than what the company proposed earlier.
For More information on this news visit : http://www.newsx.com/
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