{"id":32350,"date":"2014-02-28T11:30:57","date_gmt":"2014-02-28T06:00:57","guid":{"rendered":"https:\/\/www.legalindia.in\/news\/?p=32350"},"modified":"2014-02-28T11:31:03","modified_gmt":"2014-02-28T06:01:03","slug":"subrata-roy-apologises-sc-seeks-warrant-put-hold","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/subrata-roy-apologises-sc-seeks-warrant-put-hold","title":{"rendered":"Subrata Roy apologises to SC, seeks warrant to be put on hold"},"content":{"rendered":"<p><a href=\"https:\/\/www.legalindia.in\/news\/subrata-roy-apologises-sc-seeks-warrant-put-hold\/shahara-shree\" rel=\"attachment wp-att-32351\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"32351\" data-permalink=\"https:\/\/www.legalindia.com\/news\/subrata-roy-apologises-sc-seeks-warrant-put-hold\/shahara-shree\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2014\/02\/shahara-shree.jpg?fit=278%2C181&amp;ssl=1\" data-orig-size=\"278,181\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"shahara shree\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2014\/02\/shahara-shree.jpg?fit=150%2C97&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2014\/02\/shahara-shree.jpg?fit=278%2C181&amp;ssl=1\" class=\"size-medium wp-image-32351 alignright\" alt=\"shahara shree\" src=\"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2014\/02\/shahara-shree-150x97.jpg?resize=150%2C97&#038;ssl=1\" width=\"150\" height=\"97\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2014\/02\/shahara-shree.jpg?resize=150%2C97&amp;ssl=1 150w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2014\/02\/shahara-shree.jpg?w=278&amp;ssl=1 278w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a>Sahara Group chief Subrata Roy Thursday tendered an &#8220;unconditional apology&#8221; to the Supreme Court for not appearing before it Wednesday and urged the court to recall its order issuing a non-bailable arrest warrant against him.<\/p>\n<p>Roy said in his application that his non-appearance before the court was neither intentional nor deliberate, and urged the court to recall the non-bailable arrest warrant.<\/p>\n<p>He said the non-recall of the non-bailable arrest warrant shall cause grave prejudice as well as cause irreparable loss and injury to him.<\/p>\n<p>Roy said in the absence of the non-recall of the order, he would not be able to be with his ailing mother.<\/p>\n<p>The apex court Feb 26 issued a non-bailable arrest warrant against Roy for failing to appear before it in person as directed by the court in its Feb 20 hearing.<\/p>\n<p>Taking serious view of Roy&#8217;s non-appearance, the court said: &#8220;The arm of this court is very long. We will issue warrants. This is the Supreme Court of the land. When other directors are here, why can&#8217;t he be here?&#8221;<\/p>\n<p>While issuing the warrant, the court said he should be arrested and presented before the court March 4.<\/p>\n<p>While Roy did not appear before the court on the grounds of the serious condition of his 92-year-old mother, the other three directors of Sahara Group&#8217;s two companies SIRECL and SHICL &#8211; Ashok Roy Choudhary, Ravi Shankar Dubey and Vandana Bhargava &#8211; complied with the court order.<\/p>\n<p>The Supreme Court had directed the presence of Roy and the three directors of the Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited (SHICL) following the failure of these companies to submit to market regulator SEBI title deeds of its unencumbered properties to secure the balance of Rs.19,000 crore of Rs.24,000 crore it had collected through Optionally Fully Convertible Debenture (OFCD).<\/p>\n<p>The Sahara companies had deposited Rs.5,120 crore with the SEBI in December 2012.<br \/>\nThe matter was listed for further hearing March 4.<\/p>\n<p>(Source: IANS)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sahara Group chief Subrata Roy Thursday tendered an &#8220;unconditional apology&#8221; to the Supreme Court for not appearing before it Wednesday and urged the court to recall its order issuing a non-bailable arrest warrant against him. Roy said in his application that his non-appearance before the court was neither intentional nor deliberate, and urged the court [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":32351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[22888,47765,22889,27907,27910,27909,20240,20239,47774,47775,23371,27908],"class_list":["post-32350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-law-news","tag-ashok-roy-choudhary","tag-news","tag-ravi-shankar-dubey","tag-sahara-group-chief-subrata-roy","tag-sahara-housing-investment-corporation-limited","tag-sahara-india-real-estate-corporation-limited","tag-shicl","tag-sirecl","tag-todays-news","tag-todays-top-news","tag-top-news","tag-vandana-bhargava"],"yoast_head":"<!-- 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The\u2026","rel":"","context":"In &quot;Corporate Law News&quot;","block_context":{"text":"Corporate Law News","link":"https:\/\/www.legalindia.com\/news\/category\/corporate-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27568,"url":"https:\/\/www.legalindia.com\/news\/sc-agrees-to-give-early-hearing-to-sebi-plea-against-sahara","url_meta":{"origin":32350,"position":4},"title":"SC agrees to give early hearing to SEBI plea against Sahara","author":"Legal India Admin","date":"April 5, 2013","format":false,"excerpt":"Here in New Delhi to give an early hearing to SEBI's plea seeking its\u00a0permission to detain Sahara Group's chairman Subrata Roy Sahara the Supreme Court has got agreed\u00a0and also to initiate contempt proceedings against him for not complying with its orders to refund\u00a0Rs.\u00a024,000 crore to investors. A\u00a0bench headed by Justice\u2026","rel":"","context":"In &quot;Corporate Law News&quot;","block_context":{"text":"Corporate Law News","link":"https:\/\/www.legalindia.com\/news\/category\/corporate-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48010,"url":"https:\/\/www.legalindia.com\/news\/non-payment-rs-1500-cr-will-land-subrata-roy-jail-sc","url_meta":{"origin":32350,"position":5},"title":"Non-payment of Rs 1,500 cr will land Subrata Roy in jail: SC","author":"Legal India Admin","date":"April 27, 2017","format":false,"excerpt":"The Supreme Court today extended till June 19 the parole of Sahara chief Subrata Roy with a warning that failure to meet the deadline of June 15 for the payment of Rs 1,500 crore would land him in prison once again. 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