On Wednesday, the parole of Sahara chief Subrata Roy was extended till 11 July 2016, by the Supreme Court. This relaxation was made by the court so that he will be able to deposit Rs. 2,000 crore with the SEBI.

Mr. Roy and Ashok Roy Chaudhary, the Sahara Group director, were asked by the court to furnish individual undertaking and to be serious in their efforts.

In case they fail in depositing Rs 200 crore to SEBI by 11 July, the court warned that they will have to surrender and return to Tihar jail. The court also said that they can meet the prospective buyers of properties and even move in police escort within India, according to 6 May 2016.

“We’re inclined to give one chance to Sahara...Subrata Roy and Ashok Roy Choudhary to make good their word by 11 July 2016 and show us their bona fides (good faith),” the court said.

“They are free to meet prospective buyers of properties and move within the country in police escort according to the May 6 order,” the court said.

- Sumana