Pay Rs 600cr by deadline or go to jail: Supreme Court to Subrata Roy Sahara

The Supreme Court on Thursday told Sahara Group chief Subrata Roy to deposit Rs 600 crore more in a SEBI-Sahara refund account by February 6 or go to jail.

A bench comprising Chief Justice TS Thakur and Justices Ranjan Gogoi and AK Sikri also said that “too much indulgence” has already been given to the Sahara chief.

Sahara has, so far, returned a total of Rs 18,000 crores to its investors.

The bench, initially, asked the Sahara chief to deposit Rs 1,000 crore with market regulator SEBI in two months or it will appoint a receiver. It later reduced the money to be deposited to Rs 600 crore by February 6, 2017.