Sebi suggested Roy be allowed to step out of Tihar jail for a few hours every day to negotiate the sale of his foreign properties over video conference.
Subrata Roy is in jail since March last year.
Sahara relied on a letter from bank saying the funds were there.
SC refuses to extend the deadline for Sahara to deposit Rs 600 crore
The Sahara case reveals that, in today's environment, court intervention is what makes a major difference.
Ramoji Rao lived as the interface between business and politics and was an active participant in both for most of his remarkable life.
Sahara cousel Kapil Sibal said he was preparing an application.
Sahara told the top court this week it was considering other proposals to raise funds, including selling a luxury development outside Pune.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
The Trinamool Congress and the Bharatiya Janata Party on Monday targetted each other in Parliament, leading to clashes and walkouts. The TMC displayed in both Lok Sabha and Rajya Sabha the copies of some red diary, allegedly recovered from Sahara group chief Subrata Roy, and claimed that it contained the name of a BJP leader.
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