Chit fund case: Jharkhand gets time from HC to challenge order in SC

PTI, Nov 9, 2023, 11:24 AM IST

The High Court of Jharkhand has granted time to the state government to challenge its order in the Supreme Court in connection with a case related to the return of money to investors by chit fund companies.

A PIL was filed by the Non Banking Abhikarta Ewam Niweshak Suraksha Samiti through its president Javed Akhtar to seek a direction from the High Court to ensure the return of funds.

A bench of Chief Justice Sanjaya Kumar Mishra and Justice Ananda Sen on September 11 had ordered the government to ensure that a high-level committee headed by a former chief justice of the high court and two other members be appointed and look into the procedure for the return of funds to the investors.