The court asked him to file an application and said it will pass an order after the regulator's reply.
"Today, we are reassured of justice in the Indian judiciary. Over the last 37 years, we have always been given justice on merit. We are reassured that the Indian judiciary can never go wrong," Sahara lawyer Seth said.
"From November 2013, all of group's bank accounts, every inch of immovable properties and movable properties were frozen and were under an embargo of the Hon'ble Court and SEBI," he said.
"As a result, Sahara was not in a position to get or raise even Rs.100. The question is as to why Rs.5,000 crore cash plus Rs.5,000 crore bank guarantee bail order was given without lifting any embargo," he said, referring to Roy's quantum of the bail amount.
Seth also said the demand of Rs.20,000 crore plus interest imposed on the group to be paid to the regulator was tantamount fo Sahara being asked to pay twice for a single liability -- and that, too, for one that had substantially been repaid.
"No financial institution can repay twice for one liability."
