It was tough to say if Roy was in police custody or vice versa.
Sahara Chief Subrata Roy was on Tuesday ordered to remain in custody for a week in Delhi by the Supreme Court which was unhappy over the proposal his group on the refund of investors' money as it has not come up with any concrete proposal.
Calling him "chor", a man from Gwalior today threw ink on the face of Sahara chief Subrata Roy
Sahara's propensity to issue full-page advertisements indirectly targeting the court's wisdom every time it suffered a setback could have hardly helped its cause.
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.
An upset Sahara Group chief Subrata Roy lashed out at N Srinivasan on Friday and declared his company will not sponsor the Indian cricket team as long as the beleaguered Board of Control for Cricket in India president is at the helm.
Jail officials, group to thrash out finer details to enable late night skype with Los Angeles-based buyers.
The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.
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.
Selling anything from packaged food to home appliances, these kiosk-like shops have sales of Rs 40,000-Rs 50,000 a month in a busy locality, with 25-30 customers a day.
The Supreme Court will on Tuesday deliver its verdict on Sahara Chief Subrata Roy's petition challenging its decision to send him to jail for not complying with its order to deposit around Rs. 20,000 crore (Rs 200 billion) of investors money with SEBI.
The Sahara chief was lodged in a guest house of the state forest department at Kukrail
'Two esteemed foreign investors with huge funds are coming with us in our real estate and city development businesses.'
Tightening its noose around Sahara group, market regulator Sebi on Tuesday asked Sahara group chief Subrata Roy and three other top executives to submit details of their assets, bank accounts and tax returns by April 8 followed by personal hearings on April 10.
Sahara Counsel told the court that negotiations were underway for selling Sahara Group's offshore properties for raising sufficient fund for Subrata Roy's bail.
The Supreme Court has denied to release Sahara Chief Subrata Roy on bail or parole.
Senior advocate C A Sundaram, appearing for Roy, submitted that his client has some business overseas and he is needed there.
Roy's plea was mentioned before a bench comprising justices K S Radhakrishnan and J S Khehar which said he has to appear on Wednesday.
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.
The hearing was adjourned to March 25.
Subrata Roy turned up at a New Delhi stadium, best known for hosting the Commonwealth Games, last week as part of his country wide Abhaar Yatra.
Over seven hours after he was arrested, Sahara Chief Subrata Roy was produced in a court here which directed the UP police to keep him in custody till March 4 when he will be produced before Supreme Court.
A bench of Justice G S Singhvi and K S Radhakrishnan also issued notice to Roy and his two employees, who were working with his news channel, seeking their response on why probe be not initiated against them.
Subrata Roy is in jail since March last year.
The Supreme Court is likely to pronounce on Wednesday its verdict on a plea of jailed Sahara Group chief Subrata Roy seeking modification of an earlier order asking him to pay Rs 5,000 crore (Rs 50 billion) in cash besides a bank guarantee of an equivalent amount for securing his release.
The court also issued notice to the Income Tax department.
In a dramatic turn of events, Sahara chief Subrata Roy on Friday said he is not absconding from arrest and is ready to "unconditionally follow" whatever direction the Supreme Court gives him today.
The court will hear Sahara case on July 14.
Delhi court to hear Subrata Roy's IT case on June 1.
Sahara chief Subrata Roy, who was sent in judicial custody for a week in Delhi by the Supreme Court today, will be kept in high-security Tihar prison where he will sleep on the floor and eat jail food like an ordinary prisoner.
Roy and the other two directors of the Group have been in judicial custody since March 4.
The lawyer, who threw black ink at Sahara Group chief Subrata Roy in the Supreme Court premises on Tuesday, was today sent to Tihar jail by a Delhi court after he failed to get a surety for his bail.
A bench headed by Justice T S Thakur asked Delhi government to issue notification by August 4 for converting the conference room into jail which can be used by Roy and two jailed directors of Sahara for 10 working days from 06:00 AM to 08:00 PM for holding negotiations with prospective buyers of hotels in New York and London.
Sahara group claims that it has directly paid back most of the investors and the total outstanding liability is less than Rs 5,120 crore (Rs 51.2 billion) already given to Sebi towards refund.
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The tycoon had been allowed to use an office, phone, internet connection and three secretaries.
Besides Roy, two other directors, Ravi Shankar Dubey and Ashok Roy Choudhary, were also arrested for the failure of two group companies.
Sahara relied on a letter from bank saying the funds were there.
Looking to raise funds to ensure release of its chief Subrata Roy from jail, Sahara has sold a big land parcel at the outskirts of the national capital for Rs 1,211 crore to Gurgaon-based developer M3M India Ltd.
SC refuses to extend the deadline for Sahara to deposit Rs 600 crore
Roy, who in compliance with the last order appeared before the court, was told by the apex court that he has to frequently make the payment as per the roadmap approved by the court or face further imprisonment.
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