In their plea, Roy and other two directors of Sahara Group contend that their detention ordered by the Apex Court was illegal.

"They have been put behind bars for contempt but they were never a party before the Supreme Court," the plea said.

Roy, 65, was arrested on February 28 after he failed to convince the judges that he is serious about repaying funds for two Sahara bond schemes that were declared illegal in 2012.

According to SEBI, Sahara owes Rs 24,000 crore to more than three crore investors. SEBI said that Sahara had raised this amount illegally and thus violated rules.


Latest News from India News Desk