The Supreme Court in India is set to deliver its verdict on the plea of Sahara chief filed challenging its decision to send him to jail for not complying with its order.
The court will deliver the verdict on the petition filed by Subrata Roy challenging the decision of the court to send him to jail for not complying with its order of depositing $3.3bn of investors' money with market regulator Securities and Exchange Board of India (Sebi), reports NDTV Profit.
A bench comprising of Justice K S Radhakrishnan and Justice J S Khehar will pronounce the judgement.
The same bench had reserved its order on April 21.
The court may also consider Sahara's proposal for paying $166 in order to get bail for its chief and two directors who are in Tihar jail in since March 4.
Earlier in the day, Sahara group placed details of its property before the court.
The Supreme Court had earlier imposed a condition citing that Subrata will be freed on bail only if he pays $1.6bn.
According to the condition, some $830m has to be in bank guarantee and rest $830m in cash.
Subrata and the other two directors have been in in jail for two months for not abiding by the apex court's order of depositing $3.3bn of investors' money with Sebi.
