Warrant against Sahara chief quashed

A special Securities and Exchange Board of India (SEBI) court on Friday quashed a non-bailable warrant issued against Sahara chief Subrata Roy. The warrant was quashed after Roy assured the court that he will appear in all hearings. The court asked him to submit an undertaking for the same. The next hearing is on May 18 when the argument on framing of charges will begin. The warrant was issued after Roy failed to appear before the court despite summons. The case involves a ₹24,000-crore refund to investors.