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Supreme Court asks Sahara to make acceptable proposal

Supreme Court has asked Sahara Group to makeĀ  a “logical” and “acceptable” proposal on paying Rs 10,000 crore for getting its chief Subrata Roy out of jail. However, Subrata’s plea for being put under house arrest in Lucknow. A new bench comprising justices T S Thakur and A K Sikri, said that stalemate won’t help anyone and asked the group to come out with a fresh proposal. Sahara told Supreme Court that it is willing to sell its properties including hotels located in London and New York. Observing that the preliminary hearing has been “very productive”, the bench said the matter would be taken up next week and asked the group to prepare its proposal by then.Senior advocate Dhawan, appearing for the group, contended that Roy has been bin jail for the last 75 days and pleaded that he should be taken out from jail and requested under house arrest in Lucknow.

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