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TMI Blog2023 (3) TMI 1335X X X X Extracts X X X X X X X X Extracts X X X X ..... up 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. - I.A. NO. 56308 OF 2023 IN WRIT PETITION (C) No. 191 of 2022 - - - Dated:- 29-3-2023 - M. R. SHAH And C.T. RAVIKUMAR , JJ. ORDER M.R. SHAH, J. 1. Present application being I.A. No. 56308 of 2023 has been preferred by the Uni ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Cooperative Societies and thereafter the same is disbursed against the legitimate dues of the depositors of the Sahara Group of Cooperative Societies, it will be just, proper and equitable. 2.2 He has stated at the Bar that on the aforesaid amount, there is no charge and/or attachment of any other agency. He has stated at the Bar that the present application has been filed for appropriate direction as prayed, after the series of meetings with the different authorities / departments, which shall be in the larger interest of the depositors of the Sahara Group of Cooperative Societies. He has also prayed that a suitable direction be also issued that the amount due and payable to the respective depositors of the Sahara Group of Cooperative S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 disbursement shall be supervised and monitored by Justice R. Subhash Reddy, Former Judge of this Court with the able assistance of Shri Gaurav Agarwal, 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 to the genuine depositors of the Sahara Group of Cooperative Societies. The manner and mod ..... X X X X Extracts X X X X X X X X Extracts X X X X
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