Supreme Court extends Sahara chief Roy's parole to February 6

The Supreme Court on Monday extended Sahara Chief, Subrata Roy’s parole to February 6 next year.

The court also directed Sahara to pay Rs 600 crore till the date of the parole.

The company said it had already deposited Rs 11,000 crore with Securities and Exchange Board of India (SEBI) so far on the FCCB case, Bloomberg reported.

Sahara has submitted a roadmap to deposit the balance Rs 11,000 crore in the next two and a half years; however, the court is still awaiting SEBI’s approval on the plans.