Punjab

Patiala

CC/21/304

Armod - Complainant(s)

Versus

Sahara Credit Corporate Socicty Limited - Opp.Party(s)

Sh.Amit Goyal

05 May 2023

ORDER

.

 

ORDER

                             No evidence of OPs is produced today. However, ld. counsel for the OPs has moved an application for dismissal / return of the present complaint. He has also placed on record copy of  order dated 29.3.2023, issued by the Hon’ble Supreme Court of India, in the case titled as Pinak Pani Mohanty Versus Union of India & Ors. in I.A. No.56308/2023 Writ Petition No.191 of 2022. The relevant portion of the order is reproduced as under:

“…the prayer sought in the present application seems to be reasonable and which shall be in the larger public interest/interest of the genuine depositors of the Sahara Group of Co-operative Societies. Therefore, the present application is disposed of with the following directions:-

1. Out of the total amount of Rs.24,979.67/- Crores lying in the Sahara-SEBI refund account, Rs.5000 Crores be transferred to the Central Registrar of Cooperative Societies, who in turn shall disburse the same against the legitimate dues of the depositors of the Sahara Group of Cooperative Societies….
2. The disbursement shall be supervised and monitored by justice R.Subhash Reddy, former judge of this court with the able assistance of Shri Gaurav Aggarwal, learned advocate who is appointed as amicus curiae to assist Justice R Subhash Reddy as well as the Central Registrar of Cooperative Societies in disbursing the amount of the genuine depositors of the Sahara Group of Cooperative Societies…”

In view of this order/directions passed by the Hon’ble Apex Court, we are required to dispose of this complaint. Further in view of the said order the applications are required to be moved by the depositors within 9 months from the date of orderdated 29.3.2023 i.e. upto 28.12.2023.

Further, the complainant is at liberty to approach the said authority as per the directions of the Hon’ble Supreme Court for the refund of the claim/amount deposited by him/her alongwith interest, if any, as per law. The complainant is also directed to produce the documents/evidence/proof before the said authority for settlement/recovery of the amount. The complaint is accordingly disposed off.

Certified copies of the order be issued to the parties under the rules. Thereafter file be consigned to the record room.

 

•                                      
•