SC rejects Sahara's latest refund proposal

Last updated on - Mar 4, 2014

01 / 4

SC rejects Sahara's latest refund proposal

The Supreme Court on Tuesday ordered the chief of Sahara conglomerate to remain in jail over his company's failure to refund investors in an outlawed bonds scheme. (BCCL)

See more of : Subrata Roy

02 / 4

SC rejects Sahara's latest refund proposal

The court also rejected Sahara's latest proposal to pay, in installments, the 100 billion rupees ($1.7 billion) bail the court has asked for to secure chairman Subrata Roy's release. (BCCL/Uma Kadam)

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03 / 4

SC rejects Sahara's latest refund proposal

The court also asked Sahara to make a new proposal.

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04 / 4

SC rejects Sahara's latest refund proposal

Roy has been in a Delhi jail since March 4 after failing to appear at a contempt hearing in a long-running legal battle between his group and the Indian capital markets regulator Sebi. (BCCL/Manoj Chhabra)

See more of : Subrata Roy

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