<p>The Supreme Court today said that it would soon constitute a bench, which was earlier being led by former Chief Justice T S Thakur, for hearing the SEBI-Sahara refund case.<br /><br /></p>.<p>"We will set up a bench by next week," a bench comprising Chief Justice J S Khehar and Justices N V Ramana and D Y Chandrachud said.<br /><br />The observation came when senior advocate Kapil Sibal, appearing for the Sahara Group and its chief Subrata Roy, raised the issue.<br /><br />A three-judge bench, comprising the then CJI and Justices Ranjan Gogoi and A K Sikri, had asked Roy on November 28 last year to deposit Rs 600 crore more by February 6 this year in the SEBI-Sahara refund account to remain out of jail and had cautioned him that in case of failure, he would have to return to prison.CJI Thakur demitted office on January 3.<br /><br />The bench, initially, had asked Roy to deposit Rs 1,000 crore with market regulator SEBI in two months or it will appoint a receiver, but later reduced the money to be deposited to Rs 600 crore till February 6, 2017.<br /><br />Market regulator SEBI had earlier said that Sahara Group was liable to pay Rs 37,000 crore with interest to SEBI, of which the principal amount payable was Rs 24,000 crore.<br /><br />Sahara has already paid Rs 10,918 crore out of Rs 24,029 crore raised from investors, SEBI had said.<br /><br />The court has been extending the parole of Roy and two directors -- Ashok Roy Choudhary and Ravi Shankar Dubey -- on payment of certain amount in the SEBI-Sahara refund account.</p>
<p>The Supreme Court today said that it would soon constitute a bench, which was earlier being led by former Chief Justice T S Thakur, for hearing the SEBI-Sahara refund case.<br /><br /></p>.<p>"We will set up a bench by next week," a bench comprising Chief Justice J S Khehar and Justices N V Ramana and D Y Chandrachud said.<br /><br />The observation came when senior advocate Kapil Sibal, appearing for the Sahara Group and its chief Subrata Roy, raised the issue.<br /><br />A three-judge bench, comprising the then CJI and Justices Ranjan Gogoi and A K Sikri, had asked Roy on November 28 last year to deposit Rs 600 crore more by February 6 this year in the SEBI-Sahara refund account to remain out of jail and had cautioned him that in case of failure, he would have to return to prison.CJI Thakur demitted office on January 3.<br /><br />The bench, initially, had asked Roy to deposit Rs 1,000 crore with market regulator SEBI in two months or it will appoint a receiver, but later reduced the money to be deposited to Rs 600 crore till February 6, 2017.<br /><br />Market regulator SEBI had earlier said that Sahara Group was liable to pay Rs 37,000 crore with interest to SEBI, of which the principal amount payable was Rs 24,000 crore.<br /><br />Sahara has already paid Rs 10,918 crore out of Rs 24,029 crore raised from investors, SEBI had said.<br /><br />The court has been extending the parole of Roy and two directors -- Ashok Roy Choudhary and Ravi Shankar Dubey -- on payment of certain amount in the SEBI-Sahara refund account.</p>