The Sahara chief, meanwhile, moved the apex court again for relief from arrest and offered unconditional apology for his non-appearance on Wednesday.
High drama marked the police action as a team of Gomti Nagar police station reached 'Sahara City' housing his residence at about 4.30pm to execute the warrant and conducted searches inside the residence.
Entry into and exit from the premises, which is spread in over 270 acres, was barred but the police exercise did not yield fruit.
"The team is there to execute the non-bailable warrant issued by Supreme Court", Circle officer, Gomti Nagar, VS Mishra told PTI.
SHO Gomti Nagar Ajit Singh Chauhan said that Roy was not present inside the Sahara Shahar premises.
"We have searched the premises. Roy was not found there", he told reporters after coming out of the residence.
Another official said they met her mother and doctors but Roy was not there. Roy's lawyers had told the court on Wednesday he was on the bed side of his ailing mother and holding her hands.
Asked whether the police searched Sahara hospital, Chauhan said that Roy was also not present there.
Additional superintendent of police, Trans Gomti, Habibul Hasan told PTI that police would do whatever it could to execute the NBW issued by the Supreme Court and produce Roy before the court on March 4, the deadline set by it.
Asked about Roy's ailing mother, Hasan said that she was there at home.
Roy's lawyer had on Wednesday told the Supreme Court that he was with his ailing mother so he could not appear before it.
Meanwhile, in the fresh plea filed on Thursday, Subrata Roy sought cancellation of non-bailable arrest warrant issued against him and undertook to appear before it on March 4.
Roy also sought recall of the apex court's Wednesday's order in which non-bailable warrant was issued against him and police was ordered to arrest and produce him before it on March 4.
A bench of justices K S Radhakrishnan and J S Khehar had rejected Roy's plea to exempt him from personal appearance on the ground of ill-health of his 92-year-old mother.
Senior advocate Ram Jethmalani, who had appeared for Roy, had produced a medical certificate from Sahara Hospital, Lucknow, on the condition of Roy's mother and recommended that he be allowed on "humane as well as medical grounds" to be with his mother at this stage.
The bench had said since it had on February 25 declined to grant exemption, it did not find reason to accede to the renewal of the request made on Wednesday.
The three directors of Sahara group, who were also summoned along with Roy, had appeared in the court on Wednesday.
The court had on February 20 come down heavily on the Sahara group for not refunding Rs 20,000 crore of investors money despite its order and summoned Roy, Ravi Shankar Dubey, Ashok Roy Choudhary and Vandana Bhargava, directors of its firms Sahara India Real Estate Corp Ltd (SIREC) and Sahara India Housing Investment Corp Ltd (SHIC) to be personally present before it on Wednesday.
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