Market regulater SEBI has moved the Supreme Court seeking arrest of Sahara group promoter Subrata Roy Sahara and barring him from leaving the country after two companies of the group failed to comply with court's order to refund 24,000 crore rupees to its investors.

Securities and Exchange Board of India yesterday mentioned the matter before a bench headed by Justice K S Radhakrishnan which agreed to hear its plea and posted the case for hearing in the first week of April.

The regulator urged the court to allow it to take measures for arrest and detention in civil prison of promoter of Sahara Subrata Roy Sahara and the two male directors Ashok Roy Choudhary and Ravi Shankar Dubey after giving reasonable opportunity of hearing. SEBI also sought direction that their passports be deposited with the Supreme court.