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The Supreme Court, rejected a request by the Sahara Group to release Subrata Roy from jail and keep him in house arrest to facilitate collection of money.
Sahara Group have expressed its inability before the Supreme Court pay Rs 10,000 crore for securing bail of its chief Subrata Roy and its two directors.
Subrata Roy, the Sahara Group has promised to pay Rs 20,000 crore in tranches by March 31, 2015 to market regulator Securities and Exchange Board Of India.