The Supreme Court on Thursday directed Sahara group chief Subrata Roy, along with three directors, to appear in court on February 26.
"We have lost faith in you. You come to court and we know where to send you," the top court said.
The Supreme Court order comes after Sahara refused permission to Sebi, or Securities and Exchange Board of India, to sell the group's properties. Sahara had given title deeds of properties to Sebi as guarantee towards payment of investors' money amounting to Rs. 19,000 crore.
Sahara claims to have paid all the money it raised from investors and has also deposited Rs. 5,000 crore with Sebi. However, the company has not furnished documents to show where it got the money to pay the investors.
Earlier, the Supreme Court barred Mr Roy from travelling abroad, until his company furnishes all the relevant documents pertaining to the source of money it claims to have repaid investors.
"We have lost faith in you. You come to court and we know where to send you," the top court said.
The Supreme Court order comes after Sahara refused permission to Sebi, or Securities and Exchange Board of India, to sell the group's properties. Sahara had given title deeds of properties to Sebi as guarantee towards payment of investors' money amounting to Rs. 19,000 crore.
Sahara claims to have paid all the money it raised from investors and has also deposited Rs. 5,000 crore with Sebi. However, the company has not furnished documents to show where it got the money to pay the investors.
Earlier, the Supreme Court barred Mr Roy from travelling abroad, until his company furnishes all the relevant documents pertaining to the source of money it claims to have repaid investors.