Subrata Roy has been in Delhi's Tihar jail since March 4. (Fiel pic)
The Supreme Court will today hear Sahara Chief Subrata Roy's petition that says he has been "illegally detained by court". Mr Roy and two Sahara directors have been in Delhi's Tihar jail since March 4.
The 65-year-old Sahara chief was arrested on February 28 after he failed to convince judges that he is serious about repaying nearly 20,000 crores for two Sahara bond schemes that were declared illegal in 2012.
Sahara's petition against his detention argues that since he was not held guilty of contempt, so he should be released.
"Declare the order dated 04.03.2014 as void, nullity and non-est in the eyes of law," reads the petition that is likely to be heard today.
Yesterday, Sahara group's lawyers failed to get any immediate relief with a bench headed by Chief Justice P Sathasivam referring the matter through a habeas corpus petition to a two-member bench of justices K S Radhakrishnan and J S Khehar, which will hear it today.
The court had last week rejected Sahara's proposal to repay thousands of crores to small investors as "dishonest."
Mr Roy's lawyers argued for his release, saying he is needed to participate in negotiations to raise the money needed for the refund.