The Supreme Court asked the Group to come out with a logical and acceptable proposal on paying Rs 10,000 crore.
The Supreme Court on Friday declined to hear Sahara chief Subrata Roy's plea for recall of the non-bailable warrant (NBW) issued by it against him in a contempt case.
Sahara chief had recently made a plea before the apex court to pass an early order on his petition challenging his detention, saying temperature in the capital has gone up and he is not feeling well in jail.
The apex court had earlier imposed a condition that Roy will be freed on bail only if he pays Rs 10,000 crore (Rs 100 billion) out of which Rs 5,000 crore (Rs 50 billion) has to be in bank guarantee and rest Rs 5,000 crore (Rs 50 billion) in cash.
Sahara Group chief Subrata Roy and two directors have been in Tihar Jail since March 4.
Sahara Chairman Roy was arrested on February 28 and has been held in a Delhi jail since March 4.
The Supreme Court on Monday sought a response from the Centre and the Reserve Bank of India on a plea alleging that people were not being allowed to deposit demonetised currency notes till March 31 as promised.
The bench then said that it was not going to fast track the matter.
Senior advocate C A Sundaram, appearing for Roy, submitted that his client has some business overseas and he is needed there.
The Supreme Court is likely to pronounce on Wednesday the verdict on bringing transparency in the collegium system of appointing judges in higher judiciary.
SC adjourns contempt plea to July 17; directs Sebi to start refunding genuine investors.
The bench, which said that Sahara group must refund the amount by August 31 or face personal appearance, however, refrained from passing orders as the counsel for Roy pleaded that no such order be passed without hearing him and posted the case for hearing on July 24.
The Supreme Court granted two weeks' time to Tamil Nadu government to apprise it of its stand on the controversial Sethusamundram project after the Centre had said it intended to pursue its implementation.
The Supreme Court on Monday issued a notice to the Centre on a PIL seeking direction to the government to raise before the International Criminal Court the issue of beheading and mutilation of the bodies of two Indian soldiers by Pakistan.
The Supreme Courts has pulled up Sahara Group and its chief Subrata Roy for not responding to the contempt plea filed against them by SEBI.
The Supreme Court on Wednesday dismissed Sahara group's plea for review of its verdict directing its two firms to refund around Rs 24,000 crore to their investors with 15 percent interest per annum.
The order came on a batch of petitions challenging the constitutional validity of the Aadhaar scheme.
The Supreme Court on Tuesday directed the Cauvery Monitoring Committee to examine and make recommendations on all issues likely to be raised by Tamil Nadu and Karnataka over the sharing of water of river Cauvery at the panel's scheduled meeting on Wednesday.
The Supreme Court on Friday said Sebi can take action against Sahara if it does not provide details about investors from whom the company had raised Rs 24,000 crore (Rs 240 billion).
The Supreme Court on Monday said the plea of two Sahara group firms for extending time to refund Rs 24,000 crore to their investors with 15 percent interest would be heard by the same bench which had ordered the refund on August 31 last year.
The Centre on Tuesday placed before the Supreme Court the 'relevant' material and documents on the basis of which it carved out 4.5 per cent sub-quota for minorities in the central educational institutions such as IITs.
The Union government has moved the Supreme Court challenging the Andhra Pradesh high court order quashing the 4.5 per cent reservation for minorities within the 27 percent Other Backward Classes quota in central educational institutions such as IITs. The apex court will hear the government plea on Monday.
In a major setback to the Sahara Group, the Supreme Court on Friday directed two of its companies to refund around Rs 17,400 crore to their investors within three months with 15 per cent interest.
The Supreme Court on Friday refused to grant an urgent hearing on fresh PIL seeking independent probe into the alleged suicide of former Arunachal Pradesh Chief Minister Kalikho Pul.
Dentist Nupur Talwar will have to remain in jail at least for another month in the twin murder case of her daughter Aarushi and domestic help Hemraj with the Supreme Court on Monday deferring till September 17 hearing on her bail plea.
Hailing from a family of lawyers from Maharashtra, he was part of a nine-judge Bench of the Supreme Court which in August 2017 declared the right to privacy as a fundamental right of an individual.
Dentist Nupur Talwar, who has been in jail for over four months in the twin murder case of her daughter Aarushi and domestic help Hemraj, was on Monday granted bail by the Supreme Court which directed her to be released by September 25.
The Supreme Court on Friday sought a response from the Centre and the governments of Rajasthan and Haryana on allegations that large scale illegal mining and depletion of forest cover was taking place in the two states. A bench of justices K S Radhakrishnan and J S Khehar issued notice on an application moved by a NGO, Society for Awareness and Development, which alleged that the states were willfully violating the apex court's earlier directions.
In a setback to dentist Nupur Talwar, the Supreme Court on Thursday dismissed her review petition challenging the summons issued by the Special Central Bureau of Investigation Court, in the twin murder of her daughter Aarushi and domestic help Hemraj. "We have found no merit in the review petition and are not inclined to interfere with the order of the trial court," a bench of justices A K Patnaik and J S Khehar said while dismissing the review petition.
The Centre on Wednesday told the Supreme Court that a red corner notice has been issued against Bihar youth Fasih Mehmood for his alleged role in various terrorist activities, but refuted his wife's claim that he was abducted in a joint operation by Indian and Saudi police in Dubai.
Appearing before a bench of justices B S Chauhan and J S Khehar, Additional Solicitor General Haren Rawal assured the court that the charge sheet will be filed in the lower court on Tuesday.
The Supreme Court on Wednesday sought response from the Centre on a plea filed by a woman seeking directions to the government to trace whereabouts of her husband, who was allegedly picked up by Indian intelligence agencies from their residence in Saudi Arabia.
The Supreme Court on Monday reserved its order on a plea for its direction to the Centre to take action against National Human Rights Commission chairman and former Chief Justice of India K G Balakrishnan for his alleged misconduct during his tenure as apex court judge.
The Supreme Court on Thursday dismissed a PIL seeking action against Anna Hazare and his team members for allegedly showing disrespect to the national flag during his agitation for the Lokpal bill last year.
Dentist Nupur Talwar was on Friday directed by the Supreme Court to surrender on Monday before the trial court in Ghaziabad in the twin murder case of her 14-year-old daughter Aarushi and domestic help in Noida four years ago.
A bench of justices A K Ganguly and J S Khehar dismissed the couple's plea to quash criminal proceedings against them in the sensational 2008 case involving the killing of Talwars' domestic aide Hemraj and their teenaged daughter in Noida on Delhi's outskirts.
Nupur, who has been in jail since her surrender before the Ghaziabad court on April 30, had moved the apex court challenging the Allahabad High Court's order which had on May 31 dismissed her plea for bail.
A bench of Chief Justice J S Khehar and Justice D Y Chandrachud said the parties should appear before the Constitution bench and formulate issues to be taken up for the hearing.
Questioning the government on giving 4.5 percent sub-quota for minorities on the basis of religion, the Supreme Court on Wednesday refused to stay the Andhra Pradesh high court order quashing the decision.
The Supreme Court on Monday gave its nod for holding municipal polls in Uttar Pradesh but agreed to examine a plea opposing reservation of posts of chairperson of civic bodies for members of SC, ST and OBC communities.
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