Ink thrower on Subrata Roy gets month to reply to contempt notice

Meanwhile senior counsel Rajiv Dhawan asked the court to pronounce its order on Roy's offer to deposit Rs. 10,000 crore - Rs.5,000 crore in cash in two installments of Rs.3,000 crores and Rs. 2,000 crore and the bank guarantee of the balance amount of Rs.5,000 crore.

Dhawan urged the court that with increasing temperature, things were becoming difficult for Roy in the Tihar jail. He is also not keeping well, the court was told.

Roy was sent to judicial custody March 4 for not complying with court's order to return investors Rs.19,000 crores from the total of Rs. 24,000 crores that his group's two companies SIRECL and SHICL had collected from the investors through OFCDs.

The apex court had August 2011 had asked the Sahara to return the investors money.

Sahara has already deposited with market regulator SEBI Rs.5,120 crore in December 2011.