Cuttack: In a landmark ruling, the Special Chit Fund Court on Thursday directed the Odisha government to refund small investors duped by Rose Valley chit fund company.
The government has been asked to disburse Rs 92.08 crore among 2,38,477 small investors.
Regarding the mode of disbursement of money, the court directed the government to identify the genuine investors at the panchayat level through the Revenue inspectors. It would be deposited in their respective bank account.
The investors who had deposited Rs 7,000 in the chit fund company will get back the total amount, while in cases of more than Rs 7,000 and less than Rs 10,000, the government will credit Rs 7,000 and 50% of the remaining invested amount in their account.
Angul: Naveen Jindal, Hon'ble 3rd time Member of Parliament from Kurukshetra, Haryana, and Chairman of Jindal…
Mumbai: Ajay Devgn’s cop universe ‘Singham Again’ and Kartik Aaryan’s horror comedy ‘Bhool Bhulaiyaa 3’…
Bhubaneswar: The Odisha government will take steps to prevent untimely Rath Yatra anywhere in the…
New Delhi: Anmol Bishnoi, brother of jailed gangster Lawrence Bishnoi, was detained in the United States…
New Delhi/Bhubaneswar: While the 43rd India International Trade Fair (IIYF) enters its fifth day in…
Bhubaneswar: A team of AIIMS in Bhubaneswar saved the life of a young man, whose…
Mumbai: It's known to all that all is not well in Abhishek Bachchan and Aishwarya…
Cuttack: All cultural programmes at Cuttack Bali Jatra scheduled for Monday have been cancelled in…