Sahara chief Subrata Roy on Friday offered in Supreme Court to pay an additional Rs 300 crore to SEBI but said the amount should be adjusted as bank guarantee.
A bench headed by Chief Justice TS Thakur directed that the matter be listed next week after senior advocate Kapil Sibal, appearing for Roy, mentioned the matter before it. “I am ready to pay additional Rs 300 crore but this amount should be adjusted as a bank guarantee,” Sibal told the bench that also comprised Justices AM Khanwilkar and DY Chandrachud. On August 3, the SC had extended the parole of Roy till September 16 with a condition that he has to deposit Rs 300 crore with SEBI. Roy’s parole, granted on humanitarian grounds following the death of his mother, was extended after he had deposited Rs 300.68 crore, giving him the opportunity to raise the remaining amount to secure bail in the case.
The SC had allowed the Sahara Gr to go ahead with sale and alienation of their properties to raise an amount of Rs 5,000 crore as a bank guarantee which they have to deposit in addition to Rs 5,000 crore to get bail for Roy.