Sahara credit cooperative society limited refund status

Premium 10 crore investors of 4 Sahara group’s cooperative societies to get back money within 9 months: Government In a statement, the Ministry of Cooperation said the Supreme Court, while giving a historic decision, ordered to return the deposits of about 10 crore investors of 4 cooperative societies of Sahara group from the Sahara-SEBI refund account. The government on Wednesday said money will be returned to 10 crore investors of 4 cooperative societies of Sahara group within 9 months following a Supreme Court order directing transfer of Rs 5,000 crore from Sahara-SEBI refund account to the Central Registrar. Earlier in the day, the Supreme Court allowed a plea by the Centre seeking allocation of Rs 5,000 crore, out of Rs 24,000 crore deposited by the Sahara group with market regulator Sebi, to repay depositors of the cooperative societies. The direction came on an application filed by the Centre in a PIL by a person, named Pinak Pani Mohanty, who sought a direction to pay the amount to the depositors who invested in several chit fund companies and Sahara credit firms. A bench of Justices M R Shah and C T Ravikumar said the amount shall be disbursed to depositors duped by the Sahara group of cooperative societies. The entire process will be monitored by former apex court judge Justice R Subhash Reddy, the bench said. In a statement, the Ministry of Cooperation said the Supreme Court, while giving a historic decision, ordered to return the deposits of about 10 crore inve...

I Manoj Kumar S/o Sh. Pritam Chand R/o Village Garh Sukkar P.O Sukkar Tehsil Dharamshala Distt. Kangra H.P 176057. I make a policy of Rs. 31000/- and after maturity the SAHARA CREDIT COOPERATIVE SOCIETY LIMITED office Dharamshala not paid my policy assured amount 36053/- and neither principal amount i.e 31000/- I belong to below poverty line family and my health is not good. however in these circumstances I made many request to regional office dharamshala for given me above amount but no satisfactory reply given by said office. My policy account no. is [protected] and policy receipt no is [protected]. I humbly requested paid me said amount earliest. The complaint is marked as resolved when a company has responded to the complainant, addressed his or her dissatisfaction, and came to an agreement where both parties agreed that the complaint is indeed resolved. However, a complaint can be automatically marked as resolved if a complainant isn't responding or updating a complaint for 30 days after the company has tried to reach the complainant. The complaint is marked as resolved when a company has responded to the complainant, addressed his or her dissatisfaction, and came to an agreement where both parties agreed that the complaint is indeed resolved. However, a complaint can be automatically marked as resolved if a complainant isn't responding or updating a complaint for 30 days after the company has tried to reach the complainant. Payment Not received against My account No....

GRIEVANCE CELL The Society is the largest in the country and as a result some of the members may be having any query, complaint or grievance in various matters concerning them. To address the said grievances efficiently and quickly, following details are mentioned below in the interest of the members. Further the management aims at addressing the grievances brought before it within 30 days of registering the same with the Society.

The court of Central Registrar has asked the Sahara Credit Cooperative Society to submit the detail of assets and liabilities of the society along with a credible plan for returning money to depositors within a period of 90 days. The hearing in the court of Central Registrar of Cooperative Societies which took place through Video Conferencing recently asked the counsel of Sahara to make a complete assessment of all amounts due to the depositors up to 31.3.2021. The order sheet reads, “Society shall place an accounting team at the disposal of learned counsel for making a complete assessment of all amounts due to the depositors up to 31.3.2021. The current realisation value of all the investments made shall also be assessed and presented along with the aforementioned details. It may also be examined as to how much can be the income from interest dividend from the investments of the society in case liquidation of assets is not possible in the short term”, its reads. “On the basis of the complete financial assessment of the society, learned counsel of the society shall also present a credible working plan for the society. Learned counsel for the society is permitted to submit an interim report, in case the full report is not ready at the next date of hearing but in any case, the report must be submitted within a period of 90 days from today”, according to the order sheet. Sahara Counsel submitted that there is a case pending with the apex court under which an amount of approxi...

Updated - April 06, 2022 at 09:16 PM. | New Delhi, April 6 A Delhi HC order has recently restrained Sahara Credit Co-operative Society Ltd. of Lucknow; Saharayn Universal Multipurpose Society Ltd. of Bhopal and Humara India Credit Cooperative Society Ltd. of Kolkata from collecting any deposits from them The Centre on Wednesday asked the public to take note of a Delhi High Court Order which has recently restrained Sahara Credit Co-operative Society Ltd. of Lucknow, Saharayn Universal Multipurpose Society Ltd. of Bhopal and Humara India Credit Cooperative Society Ltd. of Kolkata from collecting any deposits from them. “It is part of a the job of the Central Registrar of Cooperative Societies to safeguard the investment if he feels it is in danger. Since the court order is clear on restraining these societies, it needed larger publicity to make general public aware,” said an official of the Co-operative Ministry. Normally, ministry does not issue such a press release after a court Order. A Delhi High Court Bench of Justice Vipin Sanghi and Justice Navin Chawla on March 22 had in an order directed “the petitioners not to collect any further deposits.” The Bench also directed the Central Registrar to pass orders directing the petitioners to refund the amounts to such members/investors/depositors whose amounts are found to have become due and payable, after examining their claims. The counsel appearing for the petitioners has assured the Bench that such members/investors/deposi...