The Supreme Court on Thursday
issued non bailable warrant against Sahara India chairman Subrata Roy
for not appearing before the court. According to reports, Roy has to be
produced in the court on March 4, 2012.
SC on Tuesday rejected Subrata Roy’s plea seeking exemption from
appearing in person before the court of law. SC is hearing the case in
connection with the failure of his companies to refund
Rs. 20,000 crore to investors.
Roy's plea was presented before a bench comprising justices K S
Radhakrishnan and J S Khehar, which said he has to appear on Wednesday.
Senior advocate Ram Jethmalani, defending Roy, submitted that he will
make the payment and he may be distanced with personal appearance in the
court.
The bench had on 20 February come down heavily on the Sahara group for not refunding
Rs. 20,000 crore of investors, despite its order.
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