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MC
3rd Aug 2016
The Supreme Court on Wednesday asked Sahara
chief Subrata Roy to deposit another Rs300 crore to continue to stay on parole. The Total Investment & Insurance Solutions
The court rejected Roy's plea to be permitted
to sell Sahara's property to raise money to return investors' deposits
collected in 2008 and 2009 through OFCDs (Optionally Fully Convertible
Debentures). The Total Investment &
Insurance Solutions
The bench, headed by Chief Justice T.S.
Thakur, gave the Sahara chief time till September 15 to deposit the money,
orally observing that failing this he will be back in Tihar Jail here.
The next date of hearing has been fixed for
September 16.The Total Investment & Insurance
Solutions
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