Raj HC asks scam-hit Adarsh society’s liquidator to examine fund release claims of depositors

Updated: few hours ago

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.