Sahara Group has expressed its inability before the Supreme Court to immediately deposit Rs 10,000 crores for securing bail of its chief Subrata Roy and its two directors.
In a fresh proposal submitted to the top court the company said that it can deposit 2,500 Crore rupees immediately to SEBI. Another sum of 2,500 crore rupees will be paid within three weeks after Roy is granted bail.
The Supreme Court has asked Sahara to file a formal plea for its proposal.