Supreme Court issues NBW against Sahara chief

February 26, 2014 15:50
Supreme Court issues NBW against Sahara chief

The Supreme Court today issued a non-bailable warrant against Sahara chief Subrata Roy for failing to make personal appearance in refund case of worht Rupees 20,000 crore. The apex court also directed that Roy should be produced before it on March 4 at 2 PM.

On Tuesday Subrata Roy's lawyer Ram Jethmalani requested the court to grant extra time and exemption from appearing before court vowing ill health of Roy's mother. However, the Supreme Court has rejected the plea and ordered him to appear before it today. So having failed to make personal presence, the Court has issue a non-bailable warrant.

In August 2012, the Supreme ordered Sahara chief to refund Rs. 24,000 crore to investors after declaring the group's two financial schemes illegal.

(AW: Vamshi)

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