Supreme court gave a stern warning to Sahara group chairman

Vastavam web: Sahara group chairman  Subrata Roy attended in the court on Thursday as per the notice of the court. Roy’s advocate Kapil cibol submitted post dated cheques and assured the court that he would pay Rs.1500 crores by june 15th and Rs 552.22 crores by the next month .Supreme court clearly said, in the case if the cheques are bounced they would have to go to Tihar jail straight. Behalf of Roy Kapil Cibol requested the court to permit him to pay the amount through electronic means. Capital Market Control Board asked SEBI if Roy is successful in paying back the amount through electronic means the cheques should be handed over to Roy. Supreme court extened the parol bail to 19th June. It is decided that the next hearing should be on 19th June .

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