New Delhi, May 11 (PTI): The Supreme Court on Wednesday extended Sahara chief Subrata Roy’s parole till July 11 to enable him to deposit Rs 200 crore with the stock market SEBI. If they fail to deposit Rs 200 crore to SEBI by July 11, they will have to surrender and go back to Tihar jail, the court said in its order. The order was passed after the submission of senior advocates Kapil Sibal and Rajeev Dhawan on behalf of Roy. Sikri directed Roy and Sahara Group director Ashok Roy Choudhary, who were released on parole on May 6 for four weeks to attend rituals following the death of the Sahara chief's mother, to furnish individual undertaking to prove their “bona fide” and seriousness. SEBI, meanwhile, would continue with the auction of properties of Sahara.

Source: The Telegraph May 11, 2016 08:11 UTC