Sahara commits to sell assets to pay Rs 22,500 crore to investors, Subrata Roy to remain in police custody

March 4, 2014

New Delhi, Mar 4: The Supreme Court on Tuesday said that it was totally unhappy with Sahara chief Subrata Roy's proposal to refund money to investors.

The apex court said it will send him to custody in Delhi till he comes up with a concrete proposal.

Earlier, Sahara chief Subrata Roy on Tuesday assured the Supreme Court that its order will be followed by him and sought more time for refunding money to investors.

Subrata Roy said that Sahara will sell its assets to pay up the Rs 22,500 crore it owes investors. The sale of properties can start from tomorrow onwards.

Personally arguing his case, Subrata Roy said that while the sale of of assets is on, the company will try to give bank guarantee for rest of the amount which is due to investors.

Subrata Roy added that he wanted one more chance to honour the court order and said that if he failed in this last endeavour, he would come back to stand before the court and accept punishment.

Reacting to this, the SC bench asked why payments were not done for the last one-and-a-half years and why Sahara was giving one excuse after the other.

The Supreme Court said that sale of assets of Sahara group is the responsibility of the company and the apex court would have no role to play except strictly ensuring compliance of its orders.

Subrata Roy also personally tendered an apology for his absence in the Supreme Court on February 26, saying reasons for his absence were very genuine.

"I am sorry for my absence," Subrata Roy said.

The SC bench accepted the apology of the Sahara chief.

'Lawyer' throws ink at Sahara chief Subrata Roy, calls him a thief

A lawyer threw ink at Subrata Roy outside the Supreme Court premises.subrata

Manoj Sharma, who claimed to be an advocate from Gwalior, threw ink at Roy as the latter got out of a car and was heading towards the court amid security personnel and a large number of mediapersons.

"I threw ink at Subrata Roy as he is a thief and has robbed the poor," Sharma shouted, after which he was hurriedly taken away by police.

Roy was brought to Delhi on Monday after he was arrested by the Lucknow police on February 28.

The apex court on February 26 had issued a non-bailable arrest warrant against Roy for failing to appear before it in person as directed by the court.

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News Network
April 21,2020

Thiruvananthapuram, Apr 21: Not just in China, but in Kerala also robot is now playing a key role in the health workers' fight against COVID-19, thanks to the innovative spirit of a group of young minds and the support of the state Health Department.

Named "Nightingale-19", the robot is deployed to provide food and medicines among patients at the district coronavirus centre in Ancharakandi in Kannur district where a large number of cases have been reported.

The special display facility, attached to it, also allows patients to communicate with health workers and their relatives if necessary, the health minister's office here said.

Designed by the students of Chemberi Vimal Jyothi Engineering College with the support of the Health Department, the remote control-operated robot can carry food and water for at least six persons at a stretch.

Also Read: Pandemic Podcast: How the lockdown is affecting women

The machine, which can travel up to one kilometre, distributes food, water and medicine in each room, a department statement said.

The robot would be disinfected after each use, it said.

Health Minister K K Shailaja inaugurated the new venture from here recently through the robot's video facility, the statement added.

Robots have been put to use in other parts of the country to help in the health workers' fight against COVID- 19.

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News Network
June 22,2020

New Delhi, Jun 22: Defence Minister Rajnath Singh on Monday left for a three-day visit to Russia. Singh is likely to discuss the India-Russia defence and strategic partnership during the visit and also attend a military parade in Moscow to mark the 75th anniversary of the Soviet victory over Nazi Germany in the Second World War.

The visit comes days after the violent face-off with China in which 20 Indian Armymen were killed in Galwan valley in Ladakh.

"Leaving for Moscow on a three day visit. The visit to Russia will give me an opportunity to hold talks on ways to further deepen the India-Russia defence and strategic partnership. I shall also be attending the 75th Victory Day Parade in Moscow," the Defence Minister tweeted.

Defence Secretary Ajay Kumar is also accompanying the minister.

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News Network
March 6,2020

Mumbai, Mar 6: Harried Yes Bank depositors rushed to ATMs to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the bank under a moratorium, capping maximum withdrawals at Rs 50,000 per account for a month.

Aggravating the problems of depositors were difficulties accessing the internet banking channel, which ensured that they can't transfer the funds online as well. At an ATM in south Mumbai's Horniman Circle, with the RBI headquarters overlooking it, the shutters were pulled down.

The guard on duty said the machine was non-operational before he reported to work late in the evening and he was ordered to shut it after 2200 hrs. In the residential area of suburban Chembur, one ATM was dispensing cash but had a long queue of anxious depositors.

One man said it was still possible to withdraw up to Rs 50,000 in multiple transactions from the machine.

However, another machine nearby had run dry within minutes of the RBI announcement, a woman said.

The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender.

For the next month, Yes Bank will be led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

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