Triggering fresh trouble for Sahara chief Subrata Roy, the Securities and Exchange Board of India (SEBI) on Friday moved the Supreme Court and demanded his detention.
The market regulator also sought the detention of two other Sahara group directors.
The Supreme Court will hear SEBI´s plea in the first week of April.
In its petition, the SEBI has reportedly sought the attachment of Roy´s passports.
Last month, the SEBI ordered a freeze on the bank accounts and assets of two Sahara firms and their top executives, including group chief Roy.
The move, in two separate orders posted on the SEBI website on Feb 13, came after Sahara failed to heed to a Supreme Court order to repay thousands of crores of rupees to investors of outlawed bonds, the market watchdog said.
Last year on Aug 31 in an order, the apex court had directed Sahara India Real Estate Corporation (SIREC) and Sahara Housing Investment Corporation (SHIC) to refund the money to their investors within three months with 15 per cent interest per annum.