The Supreme Court has passed a significant order directing the Sahara Group to deposit ₹1,000 crore in a separate escrow account within 15 days to refund investors’ money. This landmark decision comes after a prolonged legal battle spanning over a decade, providing hope to thousands of investors who have been waiting to recover their investments. The court has also allowed Sahara to explore a joint venture for developing its land at Versova, Mumbai, to realize the remaining ₹10,000 crore.
The judicial intervention aims to ensure that investors receive their due funds, with the Supreme Court closely monitoring the refund process and providing clear directives for the Sahara Group to comply with the 2012 order of returning investors’ money.
Refund Order Details
| Key Aspect | Details |
|---|---|
| Total Refund Amount | ₹25,000 crore |
| Current Deposited Amount | ₹15,000 crore |
| Remaining Amount | ₹10,000 crore |
| Deposit Deadline | 15 days |
| Escrow Account | Separate account for ₹1,000 crore |
Supreme Court’s Key Directives
- Deposit ₹1,000 crore in escrow account
- Explore joint venture for Versova land
- File development agreement within 15 days
- Potential land sale if agreement not finalized
Refund Process Highlights
- Online portal launched for claim submission
- Digital and paperless process
- Supervised by former Supreme Court judge
- Payments directly to Aadhaar-linked bank accounts
Investor Claim Details
- Maximum Disbursement: ₹10,000 per depositor
- Total Depositors Benefited: 4,20,417
- Amount Released: ₹362.91 crore
- Cooperative Societies Covered: 4 societies
Conclusion
The Supreme Court’s decisive action provides a structured pathway for Sahara investors to recover their funds. With clear timelines and monitoring mechanisms in place, investors can now hope for a systematic resolution of their long-pending claims. 
Don’t Miss Out! Stay informed and follow the official channels for your refund claim.
