10:39 pm - Monday December 11, 2017

SC restrains Subroto Roy from leaving country

324 Viewed News Editor 92 responds
SC restrains Subroto Roy from leaving country
SC restrains Subroto Roy from leaving country

The Supreme Court on Thursday restrained Sahara Group chief Subroto Roy and two directors from leaving the country as they have failed to comply with its October 28 orders.

By its October 28 orders, the court directed them to deposit unencumbered title deeds of their assets of Rs. 20,000 crore as a guarantee to return investors’ money, which they had collected thorough OFCD (Optionally Fully Convertible Debentures).

“We are prima facie satisfied that our order dated October 28, 2013, has not been complied with in letter and spirit. We direct all the contemnors not to move out of the country.”

The court also directed the Sahara Group not to sell or alienate any of its property till its October 28 orders are complied with.

Don't miss the stories followIndiaVision News & Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
Filed in
India safe investment destination: Chidambaram tells investors

India safe investment destination: Chidambaram tells investors

Bill Gates chokes up talking about the future of Microsoft

Bill Gates chokes up talking about the future of Microsoft

Related posts