Subrata Roy denied relief to attend aunt’s cremation

Subrata Roy denied relief to attend aunt’s cremation

Supreme Court on 3rd declined Roy’s plea seeking urgent relief for 15 days, to attend the cremation and perform rituals relating to the death of his aunt.

Chief Justice H.L. Dattu rejected the application which was mentioned at his house, citing no urgency in the matter. He said it will come for hearing in the regular Court. His aunt had passed away in Lucknow at the age of 90, a day before.

An order was passed by the apex Court earlier in August, allowing him to stay in and use the conference room at the Tihar Jail in Delhi for 10 days in order to negotiate the sale of his properties, which include the luxury hotels in New York and London. The court had extended Roy's stay at the Tihar Jail conference room by 15 days on September 8. Read the Live Law story here.

On March 4, the court rejected Roy’s proposal to sell some of his assets to mobilize money to pay the marker regulator SEBI as security to cover the Rs.19, 000 crore, and sent him to judicial custody. Live Law had reported on March 13, 2014, that Sahara group Chief Subrata Roy would stay in Tihar jail for some more time as the Supreme Court declined his plea for release on a personal bond with an assurance that he will not leave the country.

This Bench, again on May 6, had penned the noteworthy judgment which had lengthened the Chief’s stay under custody. Read the Live Law story here.

The Supreme Court has adopted a tough stand on the issue from the time the questionable transactions came to light; wherein it had earlier rejected the conglomerate’s multiple proposals to pay the money in installments.

Adding to Sahara’s despair, the Income Tax Department has approached the Supreme Court with a tax demand worth Rs. 4,800 Crores against Sahara.  The Sahara Group, headed by its now crestfallen Chief, has a net worth of $11 billion or around Rs. 66,000 Crores ($1=Rs. 60) and more than 36,000 acres of real estate.

Read more news about the case here.