On March 29, 2023, the Supreme Court passed a landmark judgment in a public interest litigation filed by Cuttack-based Pinak Pani Mohanty directing a transfer of INR5,000 crore from the Sebi-Sahara refund account for repayment of depositors in four Sahara cooperative societies – Sahara Credit Cooperative Society, Humara India Credit Cooperative society, Saharayn Universal Multipurpose Society and Stars Multipurpose Cooperative Society. In a
( Originally published on Apr 26, 2023 )
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