Evening Updates – Sahara Group Submits Details of All properties

Sahara group on Thursday submitted details of its domestic and overseas assets in a sealed envelope to the Supreme Court.

The Supreme Court had earlier directed the Sahara group to furnish details of all its properties in a sealed cover to ascertain the fact as to whether they are sufficient for paying back the entire amount to the investors.

Meanwhile, in a breather to Sahara chief Subrata Roy, the Supreme Court yesterday extended his parole till July 11 to enable him to deposit Rs 200 crore with market regulator Securities and Exchange Board of India (SEBI).

A bench headed by Chief Justice T S Thakur, however, directed Roy and Sahara Group director Ashok Roy Choudhary, who were released on parole on May 6 for four weeks to attend rituals following the death of the Sahara chief’s mother, to furnish individual undertaking to prove their “bona fide” and seriousness.

Roy has been in Tihar jail since March 4, 2014 on the orders of the apex court in relation to a long running dispute with market regulator SEBI.

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