LATE HARCHATH YADAV vs SAHARA CREDIT CO-OPERATIVE

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No.107/2023 yhu bHjF 107/ 2023. yvgft faYcs 17.01.2023.

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No.107/2023 427000911074 s1ddl qr 515016340507 ) HjH uitiid TtT 50,000/-y yd uffbe _ujs 427000911075 Id 44 515016340508 TT 1,11,500.00 5. frytttIfI 2.42 900.00 5.

Hs ts fAÀ Hchuf fRe fe TaR 191/ 2022 Pinak Pani Mohanty Vs Union of INDIA&ors. ufa fih- 29.03.2023 34ciofty fÀ H744 JcH IAIU ER YE HaLItT fhs I b- ") 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, which shall be paid to the genuine depositors in the most transparent manner and on proper identification and on submitting proof of their deposits and proof of their claims and to be deposited in their respective bank accounts directly. (ii) The dishursement shall be supervised und monitored by Justice R.

Subhash Reddy, Former Judge of this Cort with the able assistance of Shri Guurav Agarwal, learned Advocate, who is appointed as Amicus Curiae to assist Justice R.

Subhash Reddy as Page 2'of 4 C.C.

No.107/2023 well as the Central Registrar of Cooperative Societies in disbursing the amount to the genuine deposiors of the Sahara Group of Cooperative Societies.

The manner and modalities for making the pamem is to be worked out by the Central Registrar of Cooperative Societies in consullation with Justice R.

Subhash Redd.

Former Judge of this Court and Shri Gaurav Agarwval. learned Adocate. " In compliance of the Hon'ble Supreme Court's Order dated 29,03.2023. an Online Portal "CRCS-Sahara refund portal" https://mocrefund.crcs.gov.in has been launched on 18.07. on 18.07.2023 for submission of claims by the genuine depositors of four Multi-State Cooperative Societies of Sahara Group, namely; Sahara Credit Cooperative Society Ltd., Lucknow, Saharayn /niversal Multipurpose Society Ltd., Bhopal, Humara India Credit Cooperative Society Ltd., Kolkata and Stars Multipurpose Cooperative Society Ltd., Hyderabad for refund of their legitimate deposits.

Entire process of disbursement is digital and paperless and is being carried out under the supervision and monitoring of Justice R.

Subhash Reddy, Former Judge of Hon'ble Supreme Court with the assistance of Shri Gaurav Agrawal, Amicus Curiae.

Applications received on the Portal are being processed in transparent manner, on proper identification and on submitting proof of their identity and deposits.

Presently, payment only upto Rs.50,000/- is being disbursed to cach genuine depositor of the Sahara Group of Cooperative Societics against verified claims through Aadhaar seeded Bank account.

The Hon'ble Supreme Court has granted the extension for disbursement of retund to the Sahara depositors upto 31.12.2025.

Furtber, in case of any deficiency lound in the application of the depositor on the portal, delicicncies are being conveved to them 6.

C.C.

No.107/2023 Tor re-submission of their application through the re- submission, portal alrcady launched on 15.

11.2023.

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An amount of Rs.2,3 14.20 Crorc has becn released to 12,97,11 depositors of Sahara Group of Cooperative Socicties as on 28.02.2025.

This was stated by the Minister of Cooperation, Shri Amit Shah, in a written reply to a question in the Lok Sabha.

Medn NAbrun