Summary:
Jodhpur, Nov 30 (PTI) The Rajasthan High Court on Tuesday asked the liquidator of the Adarsh Credit Cooperative Society, allegedly involved in the embezzlement of over Rs 9,000 crore of its 20 lakh depositors and over 3.75 lakh investors, to settle the claims for release of funds of over 1,500 depositors of the Society.
In a major relief to the depositors of the cooperative society, a Jodhpur bench of the high court asked the liquidator to examine the claims and settle them preferably within 90 days.
The order was given by the bench Justice Dinesh Mehta on a joint plea by 1,573 depositors, who had pleaded to the court that their deposits were stuck in the scam-hit society despite the release of the deposits of other creditors.
Petitioners counsel Girish Sankhla submitted to the court that the petitioners have approached it with a limited prayer for a direction to the respondents to decide on the claim applications of petitioners seeking the release of their money lying deposited with the society.
“We stated in our petition that all these petitioners had deposited money in the society.
But their money got stuck after the society offices were shut following the scam,” Sankhla said.