India's capital market regulator, Securities Exchange Board of India (SEBI) has filed a plea to detain Sahara Group head, Subrata Roy for not complying with a Supreme Court order dated 31 August, 2012.

The SEBI approached the Supreme Court to issue orders for the detention of Sahara group Chairman, Subrata Roy for not following the order. In an affidavit filed by the SEBI with the apex court on 15 March, it urged for five things. SEBI requested for permission to issue public advertisements for investors to claim their deposits, permission to refund the money of genuine investors and permission to appoint a special officer to manage the sale of properties belonging to Sahara Group companies.

It has also asked for the passports of Subrata Roy and Sahara's Directors to be impounded and an order for detention of Subrata Roy and Sahara's Directors. SEBI said that the as the group has not complied with the orders of the group.

SEBI has earlier frozen the bank accounts of two firms belonging to the Sahara India group for not returning more than Rs. 24,000 crore to investors. The petition has been filed in the investor refund case involving more than Rs 24,000 crore that is to be given by the company back to the investors.