The Supreme Court of India has allowed Sahara chief Subrata Roy and two other company directors to remain on interim bail till October 24 on payment of £20 million. It asked Sahara to submit a road map and scheme on October 24 for paying the balance amount of £1.20 billion due from it. The SC said it has lost faith in the company due to its past conduct and said the scheme to repay £1.20 billion must come with an affidavit.
The Supreme Court had earlier cancelled the interim bail to the Sahara chief and sent him and two others back to Tihar jail. The top court had passed the order irked by the arguments of senior advocate Rajeev Dhawan. Sahara immediately withdrew him and apologised through senior advocate Narendra Hooda. Later, the SC agreed to reconsider the bail plea of Subrata Roy and gave him time to surrender.
