Lucknow: The Supreme Court on Friday released beleaguered businessman Subrata Roy on parole for four weeks after Roy's mother Chhabi Roy passed away early in the day following prolonged illness.
She was 95 and has been critically ill for over two years.
Subrata Roy has been in Tihar Jail for more than two years in relation with a long running dispute with markets regulator Sebi.
A bench comprising Chief Justice T S Thakur, Justices A R Dave and A K Sikri allowed the plea of Roy seeking permission to attend cremation rites of his mother.
"An application has been filed by Subrata Roy seeking provisional release as his mother passed away early this morning at Lucknow... We direct that Roy shall be released on parole for four weeks," the bench said.
The court, however, said that Roy would be under the protective custody of the police with an assurance from his counsel Kapil Sibal that his client would not try to escape or run away.
A Sahara group spokesperson said in a statement that Chhabi Roy has been the "guiding light of Sahara India Pariwar and departed for her heavenly abode at 1.34 am today". "She has been critically ailing for last two years and was at a makeshift hospital at Sahara Shaher, Lucknow," the statement said.
She was born in Araria district of Bihar.
With inputs from PTI
Updated Date: May 06, 2016 23:19 PM