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Subrata Roy Apologises, Moves SC Against Arrest Warrant

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Sahara Chief Subrata Roy on Thursday (27 February) moved to Supreme Court seeking cancellation of non-bailable arrest warrant issued against him and undertook to appear before it on March 4, 2014.
The order to arrest Roy was issued on Wednesday for his failure to appear before the apex court in a contempt case arising out of non refund of Rs. 20,000 crore to investors by two of his companies.
The Sahara chief has offered unconditional apology to the apex court for his non-appearance.
Roy also sought recall of the apex court’s Wednesday order in which non-bailable warrant was issued against him and police was ordered to arrest and produce him before it on March 4.
A bench of justices K.S. Radhakrishnan and J.S. Khehar had rejected Roy’s plea to exempt him from personal appearance on the ground of ill-health of his 92-year-old mother.
Senior advocate Ram Jethmalani, who had appeared for Roy, had produced a medical certificate from Sahara Hospital, Lucknow, on the condition of his mother and recommended that he be allowed on “humane as well as medical grounds” to be with his mother at this stage.
The bench had said since it had on February 25 declined to grant exemption, it did not find reason to accede to the renewal of the request made on Wednesday.
The three directors of Sahara Group, who were also summoned along with Mr. Roy, had appeared in the court on Wednesday.
The court had on February 20 come down heavily on the Sahara Group for not refunding Rs. 20,000 crore of investor money despite its order and summoned Mr. Roy, Ravi Shankar Dubey, Ashok Roy Choudhary and Vandana Bhargava, directors of Sahara firms Sahara India Real Estate and Sahara India Housing Investment to be personally present before it on Wednesday.