Supreme Court to resume Subrata Roy hearing on Wednesday

NEW DELHI Tue Mar 25, 2014 5:55pm IST

The Sahara group chairman Subrata Roy (C) arrives at the Supreme Court in New Delhi March 4, 2014. REUTERS/Anindito Mukherjee/Files

The Sahara group chairman Subrata Roy (C) arrives at the Supreme Court in New Delhi March 4, 2014.

Credit: Reuters/Anindito Mukherjee/Files

Related Topics

NEW DELHI (Reuters) - The Supreme Court will resume hearing on Wednesday a petition filed by the head of the Sahara group seeking his release from custody.

Sahara Chairman Subrata Roy, 65, was arrested on February 28 after failing to appear at a contempt hearing in a long-running legal battle between the group and Securities and Exchange Board of India (SEBI) over refund of billions of dollars to investors in outlawed bonds.

He has been held in a Delhi jail since March 4.

(Also read, Investors fear for their deposits after Sahara chief's arrest click here)

(Reporting by Suchitra Mohanty; Writing by Devidutta Tripathy; editing by Malini Menon)

FILED UNDER:
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
ReshmiRegunath wrote:
supreme court was wrong at keeping subrata roy in jail illegally

Mar 27, 2014 3:32pm IST  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Economy

REUTERS SHOWCASE

RBI Annual Report

RBI Annual Report

RBI reiterates commitment to bring down inflation .  Full Article 

Economic Pulse

Economic Pulse

Economy to grow 5.8 pct in 2014/15, says Mayaram.  Full Article 

Monsoon Update

Monsoon Update

Monsoon to display lull as floods ease.  Full Article 

Regulatory Troubles

Regulatory Troubles

U.S. regulator alleges Dr Reddy's breached packaging rules  Full Article 

Defence Sector

Defence Sector

Indian firms tool up for defence orders on Modi's 'buy India' pledge  Full Article 

Factory Activity

Factory Activity

Economy fears deepen as August HSBC flash PMI at three-month low  Full Article 

Fed Minutes

Fed Minutes

Fed notes labor market progress, but not convinced yet - minutes  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage