Subrata Roy’s stay in Tihar Conference Hall extended by 15 working days

The Supreme Court on Thursday gave Sahara chief Subrata Roy a 15-working-day extension to stay in the conference hall of Tihar Jail court complex for negotiating the sale of his overseas hotels and assets within the country to raise Rs.10,000 crore to make part payment of investors’ money collected through OFCDs.

Allowing Roy and two other directors — Ravi Shankar Dubey and Ashok Roy Choudhary — to stay in conference hall for 15 working days beyond the existing stay that expires on 19 August, the apex court bench of Justice T.S. Thakur, Justice Anil R. Dave and Justice AK Sikri made it clear that Roy would not be allowed any further extension. ‘You must ensure that you comply with it within the extended period and you will not come from more extension,’ Justice Thakur told senior counsel Ganesh as Solicitor General Ranjit Kumar told the court that Tihar Jail authorities would not agree to any further extension. 

The apex court on 1 August had ordered the shifting of Sahara chief Subrata Roy and two other directors to a make-shift jail in conference hall to let him to negotiate with lenders.