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Historic decision: Shah intervenes to help victims of Sahara Co-ops

In a historic decision, on the petition of the Ministry of Cooperation, the Supreme Court has ordered the refund from Sahara-SEBI refund account to about 10 cro ....

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Ministry cautions people not to deposit funds with three Sahara co-ops

The Ministry of Cooperation has asked depositors to be aware of a Delhi High Court judgment, whereby the Honourable court has asked three co-operatives under the Sahara group not to collect any ....

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Sahara co-ops get reprieve from Delhi HC

Bhupendra joshi says:
सहारा क्रेडिट कॉपरेटिव सोसायटी ओर यूनिवर्सल क्रेडिट मल्टीपर्पस सोसायटी द्वारा गरीब आम जनता का पैसा समयावधि पूर्ण होने के बाद भी भुगतान नही किया जा रहा है और लाखों शिकायत सेंट्रल रजिस्टार के समक्ष प्रस्तुत करने के बाद भी हाई कोर्ट और सरकार के सामने भुगतान नही करने के अनेक बहाने बनाये जा रहे हैं सहारा ग्रुप द्वारा जबर्दस्ती उसको जमाकर्ताओं को बेवकूफ बनाकर समय आगे बढ़ा ....

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Big Relief: Sahara Credit Co-op asked to return money within 90 days

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. ....

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