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SC deferred decision on Sahara chief Subrata Roy

On Thursday the Supreme Court has deferred a decision on conglomerate Sahara‘s bid.

The company had failed to comply with a court order to refund the money it had raised from millions of small investors through selling bonds which were ruled to be illegal later, and the chief Subrata Roy has been held into jail for more than a year.

A lawyer for the group said last week that the court had ask to pay $1.6 billion to release Roy on bail and Sahara had agreed to pay the full, but the group has yet to publicly outline that plan.

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