Home Case Index All Cases SEBI SEBI + SC SEBI - 2023 (3) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (3) TMI 1335 - SUPREME COURTUtilisation of amount deposited in “Sahara- SEBI Refund Account” - Directions to transfer an amount out of unutilized amount (lying in “Sahara-SEBI Refund Account”) to be disbursed against the legitimate dues of depositors of Sahara Group of Cooperatives Societies - HELD THAT:- Having heard Shri Tushar Mehta, learned Solicitor General appearing on behalf of the Union of India and taking into consideration the facts narrated hereinabove and when it is reported that Rs. 2253 Crores had been taken out of the Sahara Credit Cooperative Society Ltd., i.e., one of the four Sahara Group Multi-State Cooperative Societies and deposited with SEBI in the “Sahara-SEBI Refund Account” and the amount lying in the “Sahara-SEBI Refund Account” is lying unutilized and the genuine depositors of the Sahara Group of Cooperative Societies, which otherwise, shall be entitled to get back their money, 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 Cooperative Societies.
|