Sahara chief gets relief till November 28

NEW DELHI: The Sahara group deposited Rs 215 crore with market regulator Sebi on Friday and promised to pay Rs 185 crore more by November 28 to persuade the Supreme Court to extend interim bail of Subrata Roy and two other directors.
Appearing for Sahara and Roy , senior advocate Kapil Sibal informed a bench of Chief Justice T S Thakur, and Justices A R Dave and A K Sikri that the group was in the process of finalizing a 26-month road map to deposit Rs 12,000 crore with Sebi in addition to the approximately Rs 12,000 crore it had put into the Sebi-Sahara account.
Sibal said the group has drafted a road map and that it needed to be finalised after discussions with amicus curiae Shekhar Naphade and Sebi counsel Arvind Datar. SC asked Sibal to file the finalised road map on November 28.