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The court also rejected Sahara’s latest proposal to pay, in instalments, the 100 billion rupees ($ 1.7 billion) bail the court has asked for to secure Chairman Subrata Roy’s release. The court also asked Sahara to make a new proposal.
Roy has been in a Delhi jail since 4 March after failing to appear at a contempt hearing in a long-running legal battle between his group and the Securities and Exchange Board of India.