SC tells Sahara to come out with logical proposal
The Supreme Court on Monday asked Sahara Group to come out with a ‘logical’ and ‘acceptable’ proposal on paying Rs 10,000 crore for getting its chief Subrata Roy out of jail while refusing to entertain his plea for being put under house arrest in Lucknow.
A new bench comprising justices TS Thakur and AK Sikri, constituted after JS Khehar recused himself from hearing the matter, said that stalemate won’t help anyone and asked the group to come out with a fresh proposal.
In the meantime, Sahara told the Supreme Court that it is willing to sell its properties including hotels located in London and New York.
‘This stalemate would not help anyone. Come out with a proposal which is logical and acceptable to us,’ the bench said.
Observing that the preliminary hearing has been ‘very productive’, the bench said the matter would be taken up next week and asked the group to prepare its proposal by then.
Senior advocate Rajiv Dhawan, appearing for the group, contended that Roy has been behind the bars for the last 75 days and pleaded that he should be taken out from jail.