{"id":6492,"date":"2014-07-25T12:07:00","date_gmt":"2014-07-25T12:07:00","guid":{"rendered":"http:\/\/localhost\/sccblog\/?p=6492"},"modified":"2015-10-14T17:19:13","modified_gmt":"2015-10-14T11:49:13","slug":"sahara-chief-denied-parole","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2014\/07\/25\/sahara-chief-denied-parole\/","title":{"rendered":"Sahara chief denied parole"},"content":{"rendered":"

Supreme Court<\/span><\/b>: Refusing to release Subrata Roy Sahara, the Sahara Chief, on parole, the 3-judge bench of TS Thakur, Anil R. Dave and Dr. A.K. Sikri, JJ said that there is no concrete proposal with Saharas for sale of the properties situated in India or abroad that may call for any negotiation by the Sahara Chief and that it is premature to make any arrangement to facilitate any such negotiations either by directing release of the Sahara Chief on parole or otherwise.  <\/o:p><\/span><\/p>\n

Rajeev Dhavan, appearing on behalf of the Saharas, had urged the Court to release Subrata Roy Sahara on account of him not keeping a good health and also meeting his nonagenarian and ailing mother who is in a fragile emotional state, apart from negotiating deals directly with the prospective purchasers of the offshore properties.  Arvind P. Datar, the Counsl appearing for SEBI, had however, contended that neither there was any material on record to show that the Sahara Chief had any serious medical problem to justify his release on parole nor can his release on parole be justified on the ground for facilitating negotiations with the prospective purchasers as they had not disclosed the names of such prospective purchases and have also not presented any concrete proposal till date. <\/o:p><\/span><\/p>\n

Not finding any justified ground for release of Subrata Roy Sahara on parole for negotiating the sales of the properties, the Court said that that if a situation arises in which negotiations become essential, this Court may consider passing orders to facilitate such negotiations. The Court allowed Sahara to sell, transfer or encumber 3 offshore properties subject to the condition that the amount received after repayment of outstanding load towards Bank of China will be deposited with SEBI for compliance with the bail order dated 26.03.2014<\/a><\/span> and the excess amount will be deposited in a separate account which will be utilised as per the Court\u2019s orders. It was also directed that the remaining properties will not be sold, transferred or encumbered at at a price less than the estimated value of the said properties reduced at the most by 5% of such estimate.  SEBI v. Sahara India Real Estate Corporation Ltd., I.A. NOS. 8-9 & 10-12 OF 2014<\/i>, decided on 22.07.2014<\/o:p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Supreme Court: Refusing to release Subrata Roy Sahara, the Sahara Chief, on parole, the 3-judge bench of TS Thakur, Anil R. Dave <\/p>\n","protected":false},"author":3,"featured_media":7321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9],"tags":[2687],"class_list":["post-6492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-supremecourt","tag-Sahara"],"yoast_head":"\nSahara chief denied parole | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2014\/07\/25\/sahara-chief-denied-parole\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sahara chief denied parole\" \/>\n<meta property=\"og:description\" content=\"Supreme Court: Refusing to release Subrata Roy Sahara, the Sahara Chief, on parole, the 3-judge bench of TS Thakur, Anil R. 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Thakur, CJ and Ranjan Gogoi and Dr. A.K. Sikri, JJ directed the Saharas to deposit the amount of Rs. 600 Crores before the next date of hearing i.e. 06.02.2017. The Court made it clear that if the said amount is not deposited on the\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":99301,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/01\/13\/sahara-matter-date-to-deposit-rs-600-crores-not-extended-failure-will-lead-subrata-roy-back-to-prison\/","url_meta":{"origin":6492,"position":1},"title":"Sahara Matter: Date to deposit Rs. 600 Crores not extended; failure will lead Subrata Roy back to prison","author":"Prachi Bhardwaj","date":"January 13, 2017","format":false,"excerpt":"Supreme Court: Refusing to extend the deadline to deposit the amount of Rs. 600 Crores before 06.02.2017, the 3-judge bench of Dipak Misra, Ranjan Gogoi and Dr. A.K. Sikri, JJ reiterated that if the Sahara India Real Estate Corporation Ltd., does not deposit the amount, the contemnors including Subrata Roy\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":155854,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/09\/11\/sc-tells-sahara-chief-subrata-roy-enough-is-enough-orders-auction-of-aamby-valley\/","url_meta":{"origin":6492,"position":2},"title":"SC tells Sahara chief Subrata Roy, enough is enough; Orders auction of Aamby Valley","author":"Prachi Bhardwaj","date":"September 11, 2017","format":false,"excerpt":"Supreme Court: The 3-judge bench of Dipak Misra, CJ and Ranjan Gogoi and Dr. AK Sikri, JJ , refusing to grant of further time to Sahara Group and Subrata Roy and entertaining post-dated cheques which are dated 11th November, 2017, said that the same would tantamount to travesty of justice\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":104341,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/02\/06\/sahara-matter-sebi-directed-to-attach-the-subrata-roys-aamby-valley-property\/","url_meta":{"origin":6492,"position":3},"title":"Sahara Matter: SEBI directed to attach the Subrata Roy’s Aamby Valley property","author":"Prachi Bhardwaj","date":"February 6, 2017","format":false,"excerpt":"Supreme Court: Allowing SEBI to attach the properties belonging to Sahara Group, the Court directed Sahara to file a list of properties that can be put to public auction by 27.02.2017. The 3-judge bench of Dipak Misra, Ranjan Gogoi and A.K. Sikri, JJ said that the properties suggested for public\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":44791,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/04\/23\/sebi-free-to-sell-properties-of-sahara-group\/","url_meta":{"origin":6492,"position":4},"title":"SEBI free to sell properties of Sahara Group","author":"Sucheta","date":"April 23, 2016","format":false,"excerpt":"Supreme Court: The 3 judge bench comprising of T.S. Thakur, CJ and Anil R. Dave and Dr. A.K. Sikri, JJ directed that SEBI shall be free to devise a suitable mechanism for sale of properties the title deeds whereof have already been deposited with it by Saharas in consultation and\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":72782,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/09\/24\/parole-of-subrata-roy-cancelled-asked-to-surrender-in-one-week\/","url_meta":{"origin":6492,"position":5},"title":"Parole of Subrata Roy cancelled, asked to surrender in one week","author":"SM","date":"September 24, 2016","format":false,"excerpt":"Supreme Court: The 3-judge\u00a0Bench of Thakur CJ. and A.R. Dave and Dr. A.K. Sikri, JJ., cancelled the interim arrangements of parole of the Subrata Roy and two other directors and directed that they be taken into custody immediately. However, at the behest of its counsel Senior Advocate, Kapil Sibal, the\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/6492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=6492"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/6492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/7321"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=6492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=6492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=6492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}