SC WARNS SAHARA CHIEF THAT HE WILL BE SENT STRAIGHT TO TIHAR JAIL IF HE..

SC WARNS SAHARA CHIEF THAT HE WILL BE SENT STRAIGHT TO TIHAR JAIL IF HE FAILS TO ABIDE BY HIS UNDERTAKINGS

The Supreme Court on Thursday warned Sahara chief Subrata Roy that he will be sent straight from the court to the Tihar Jail if he fails to abide by the undertaking given by him that he will deposit an instalment of Rs. 1500 crore in the Securities and Exchange Board of India (SEBI)-Sahara account by June 15, 2017.

Mr. Roy, who was present in the court, gave an undertaking to the court that he will pay a second instalment of Rs. 552 crore on July 15. He handed over two post-dated cheques for Rs. 1500 crore and Rs. 500 crore as proof of his bona fide.

He further filed an affidavit that he would pay a third installment of Rs. 3000 crore by October 2017.

In a thickly packed court, a Bench of Justices Dipak Misra, Ranjan Gogoi and A.K. Sikri called out to Mr. Roy sitting in the second row in the courtroom behind his battery of lawyers led by senior advocates Kapil Sibal and Salman Khurshid.

“Mr. Roy, so you don’t intend to pay up?” Justice Misra asked Mr. Roy directly.

Up on his feet, Mr. Roy replied that “I am paying… I am committed”.

“We are warning you, if the amounts don’t come, we will send you to the Tihar Jail straight from right here, you understand?” Justice Misra cautioned him