Conditional bail granted to Sahara Chief Subrata Roy

The Supreme Court has granted conditional bail to Sahara chief Subrata Roy after being in jail for about 22 days. To avail the bail Sahara chief has to pay Rs. 10,000 crore (50% in cash) to market regulator Sebi.

Yesterday Sahara group presented the new proposal to the apex court in order to repay Rs. 20,000 crore to its three lakh small investors.

In its poroposal Sahara said, it would complete the entire payment in installments. Sahara would refund Rs. 2500 crore in three working days and Rs. 3500 crore each in three installments in June, September, December and Rs. 7,000 crore by March 15, 2015.

• About the Author

About Sprightly Spirit

“I dare do all that may become a man. Who dares more is none”. And all, may be. It may be the vigor. Or the spirit. Or the courage to avoid being “politically correct” or bent. And, ban all averse with immaculate overture of graciously fathomable words firm in views. Subtle. Justifying the undying conscience. Values. Knowledge. And, dares to stay true. True to own. True to the world. And, to the words. With a dream in eyes it exists. In you. In me. In all. The sprite that never shies away. The spirit that never dies!