The Supreme Court on Tuesday directed Sahara group chief Subrata Roy to deposit Rs 1,500 crore in the SEBI-Sahara refund account by September seven.
A three-judge bench headed by Justice Dipak Misra was informed by senior advocate Kapil Sibal, appearing for Roy, that the Sahara chief has deposited Rs 247 crore as against the promised amount of Rs 552.21 crore which was to be deposited in the refund account by July 15.
Sibal told the bench, also comprising Justices Ranjan Gogoi and A K Sikri, that the balance amount of Rs 305.21 crore out of the Rs 552.21 crore would be deposited by August 12.