Sahara chief likely to remain in jail for more time

The arguments remained inconclusive and it will resume on April 3.  

Along with the Group's other two Directors Ravi Shankar Dubey and Ashok Roy Choudhary, Roy has been in judicial custody since March 4 for not abiding by the apex court's order for depositing Rs 20,000 crore of investors money with SEBI.

Roy questioned the constitutional validity of the detention order saying it was passed after an “illusionary” hearing.

“The petitioner submits that the impugned order made after such illusionary hearing is in total defiance of the rules framed under the Constitution and is gross violation of principle of natural justice,” he said in his petition.  

“The Bench of this Court without compliance with law and principles of natural justice has incarcerated him under a law which does not exist and without following the ordinary cannons of natural justice.