Subrata Roy: However, since he was not able to do so, he remained in custody for two years and two months. Subrata Roy was ultimately released from Tihar jail in May 2016, to perform his mother’s last rites. He remained outside judicial custody till his demise on November 14, 2023.16-Nov-2023
Subrata Roy, head of Sahara Group, who passed away on November 14, 2023, had a rather difficult relationship with India’s top court. From being forcefully summoned to the court to being sent to Tihar jail for a contempt case, Roy faced the heat of the court on many occasions.
On February 26, 2014, the Supreme Court issued a non-bailable arrest warrant to Roy for contempt of court; he was arrested on March 4 and lodged in Tihar till May 2016. While Roy has passed away, the contempt petition against him remains pending in the Supreme Court. The case, which is now popularly known as the ‘SEBI-Sahara case’ was last heard in January 2023, and the SC’s website does not mention when it is coming up for hearing next.
The contempt case was initiated by the Securities Exchange Board of India (SEBI) in 2012.
Control explains the contemptuous relationship between Sahara and the Supreme Court and the role SEBI played in the case.
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Is Subrata Roy passed away?
Subrata Roy (10 June 1948 – 14 November 2023) was an Indian businessman who founded the business conglomerate Sahara India Pariwar in 1978.
Subrata Roy’s death reason:
Subrata Roy’s son:
Why did Sahara’s son not attend his funeral?
When people asked Subrata Roy’s wife Swapna Roy the reason for their sons not coming, she said that they were abroad and could not travel due to some reasons. Therefore, grandson Himank was called from London, and lit the fire on Subrata Roy.
Who is the grand son of Subrat Roy?
Lucknow: The last rites of Sahara Group founder Subrata Roy were performed by his grandsons, Himanc Roy (16) and Kushaan Roy (5), at the Baikunth Dham cremation ground in Lucknow on Thursday.
While Roy’s sons, Sushanto and Seemanto, are abroad and unlikely to attend the funeral, his grandson Himanc will be leading the ceremony, close family members confirmed to TOI.
The family moved to the Sahara Shaher in cars while the body of Subrata Roy was taken in a Hearse Car. Workers of the company, who reached out in large numbers, followed the car and created a cavalcade that dispersed at Sahara Shaher. Scores of workers waited outside the official residence of Subrata Roy in silence.
Former MP Naresh Agarwal and UP minister Nitin Agarwal, besides Smita Thackeray and Bollywood singer Sonu Nigam, also reached to pay their tributes. Sunni cleric Maulana Khalid Rashid Firangi Mahali was also present.