SC rejects Sahara Chief's plea for being kept in house arrest

“If we agree with you then it is the end of the matter,” the bench said at the end of the hearing and asked the lawyers to file short written submissions on April 16, the next date of hearing.

The apex court had earlier imposed a condition that Roy will be freed on bail only if he pays Rs 10,000 crore out of which Rs 5,000 crore has to be in bank guarantee and rest Rs 5,000 crore in cash.

However, Sahara Group, on April 3, had expressed its inability in immediately paying Rs 10,000 crore for securing bail for Roy and its two directors Ravi Shankar Dubey and Ashok Roy Choudhary, who are in jail since March 4.  

65-year-old Roy had earlier submitted that the apex court's order for detaining him for not paying Rs 20,000 crore of investors' money with SEBI was “illegal and unconstitutional” and sought quashing of the order.