New Delhi: The Supreme Court yesterday reserved its order on the plea by Sahara Group chief Subrata Roy seeking the court’s nod for selling its three overseas hotels to generate Rs10,000 crore and for his release on 40 days parole to put through the international transaction.
Roy and two other directors Ravi Shankar Dubey and Ashok Roy Choudhary are currently under custody since March 4 for the failure of two group companies to comply with the apex court’s August 31, 2012 and December 5, 2012, order to return investors’ money, which in 2012, was Rs24,000 crore.
While reserving the order, the court asked both Sahara and the market regulator to crystallise the issues that are pending before the court for adjudication.
The court asked the income tax department to file an affidavit, comprehensively stating the details of tax assessments made by it, action, if any, taken by it or proposed to be taken by it and the status of various cases rooted in OFCD transactions. IANS
