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
June 23,2020

New Delhi, Jun 23: With an increase of 14,933 new cases and 312 deaths in the last 24 hours, India's COVID-19 count reached 4,40,215 on Tuesday.

According to the latest update by the Union Ministry of Health and Family Welfare (MoHFW), 14,011 deaths have been recorded due to the infection so far in the country.

The rise in confirmed cases today is lower than the highest spike of 15 thousand plus cases registered on Sunday.

The count includes 1,78,014 active cases, and 2,48,190 cured/discharged/migrated patients.

Maharashtra with 1,35,796 confirmed cases remains the worst-affected by the infection so far in the country. The state's count includes 61,807 active, 67,706 cured, discharged patients while 6,283 deaths have been reported due to the infection so far.

Meanwhile, the national capital's confirmed coronavirus cases reached 62,655.

2,233 deaths have been reported in Delhi due to the infection so far.

Tamil Nadu has reported 62,087 cases so far with toll increased to 794.

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News Network
March 24,2020

New Delhi, Mar 24: The total number of active COVID-19 cases reported so far in the country stands at 446 while the number of people who have been cured or discharged stands at 36, according to the Ministry of Health and Family Welfare.

Nine people have died from the disease while one case has migrated, the Ministry further informed.
The Central government has taken several steps to contain the rapid spread of the virus, including stoppage of all incoming passenger traffic on 107 immigration check posts at all airports, seaports, land ports, rail ports, and river ports.
There is a complete lockdown in as many as 548 districts of the country affecting several hundred million people.
The Indian Railways has also cancelled all passenger train operations till March 31.

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June 16,2020

New Delhi, Jun 16: Congress president Sonia Gandhi on Tuesday demanded a rollback of hike in fuel prices, saying the government's decision to increase the prices of petrol and diesel during the coronavirus crisis is "wholly insensitive" and "ill-advised".

The government is doing nothing short of "profiteering off its people" when they are down and out, she said in a letter to Prime Minister Narendra Modi.

Petrol and diesel prices were hiked for the 10th day in a row on Tuesday.

"I am deeply distressed that in these exceedingly difficult times since the beginning of March, the government has taken the wholly insensitive decision to increase petrol and diesel prices on no less than ten separate occasions," Gandhi said in her letter.

She accused the government of earning an additional revenue of nearly Rs 2.6 lakh crore through these "ill-advised" hikes in excise duty and increase in prices of petrol and diesel.

"I urge you to roll back these increases and pass on the benefit of low oil prices directly to the citizens of this country.

"If you wish for them to be 'self-reliant' then do not place financial fetters on their ability to move forward," the Congress president said.

Gandhi also urged the government to use its resources to put money directly into the hands of those in need in these times of severe hardship.

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