Supreme Court to resume Subrata Roy hearing on Wednesday
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)
- Tweet this
- Share this
- Digg this
- Obama signs order expanding U.S. Afghanistan role - NY Times
- China building South China Sea island big enough for airstrip - report
- Obama to be chief guest at Republic Day celebrations
- Long "to do" list for Modi as clock ticks on reform
- European Parliament may propose Google break-up in draft resolution
Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014/15 fiscal deficit target without cuts. Article