Zee Media Bureau
New Delhi: The Supreme Court on Monday granted Sahara Group chief Subrata Roy another 15 days to stay in the conference hall of Tihar Jail to negotiate the sale of assets, including three hotels abroad.
A bench led by Justice T S Thakur allowed Sahara's application while making it clear that this would be the last extension of time and he must close the deals by the extended period.
The apex court had earlier allowed Sahara chief to use the conference hall in Tihar jail premises for negotiations till September 9, 2014.
On Friday, Roy had told the Supreme Court that his deal with the Sultan of Brinei for the sale of his hotels aborad were on the verge of collapse because of a foreign media report and had sought 15 more days to conclude negotiations.
Roy and two other directors have been allowed by the court to stay in the conference room of Delhi's Tihar Jail, with video-conferencing facilities to facilitate him negotiate with the prospective buyers of the group's two hotels in New York and London.
