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New Delhi/Business Desk. The process of refund is once again in the headlines for crores of investors who have invested their hard-earned money in Sahara India. According to the latest news circulating on social media and internet, the payment of stuck money of investors is expected to start from February 5. The claim process has already started through Sahara Refund Portal (CRCS Refund Portal), but now huge enthusiasm and curiosity is being seen among the investors regarding the speed of payment and new updates. Let us know what is the reality behind this discussion and what is the stand of the government and the court on this.
Sahara Refund Portal and Claim Status Till Now
To get back the money of investors trapped in Sahara India, the Central Government had launched a special refund portal in the year 2024-25. The main objective of this portal was to accept online claims from investors based on their bond papers and documents. Under the scheme, after the claim was approved, initially an amount of up to Rs 10,000 started being sent to the bank accounts of the investors. However, there are many investors whose claims are still under process or stuck due to some technical reasons.
5,000 crore vs 82,000 crore: lack of funds becomes a hurdle
The biggest reasons for delay in payment to investors are availability of funds and huge number of claims. As per Supreme Court order, Rs 5,000 crore was transferred to the account of the Ministry of Cooperation so that refunds could be initiated. But according to the applications received on the portal, the total outstanding of investors is around Rs 82,000 crore. In such a situation, the amount of Rs 5,000 crore proved to be a drop in the mouth of the camel. At present, SEBI also has deposits of about Rs 25,000 crore of Sahara, the legal process is going on to release them.
Discussion on Adani Group’s application and auction of properties
A new twist in the Sahara India refund case came when news related to Adani Group surfaced on the internet. It is discussed that Adani Group has identified about 82 big properties (land parcels) of Sahara India. It has been suggested in the petition that if these properties are auctioned, the money received from it could be enough to repay the dues of investors amounting to Rs 82,000 crore. However, there has been no official confirmation yet regarding this auction and the role of Adani Group.
Will payments really start from February 5?
Investors need to be cautious on the claims being made on social media regarding the date of February 5. No official notice or notification has been issued yet by Sahara India or the Ministry of Cooperation regarding ‘5th February’. This news is currently being circulated only on the internet and social media platforms. Investors are advised not to share their documents on any unverified portal and check their status only on the official ‘Sahara Refund Portal’.
What should investors do to get refund?
If you have not yet claimed on the refund portal, then apply online with all your bond papers, receipt, Aadhar card and PAN card. If your claim is rejected, the option of re-submission is also available after rectifying the deficiencies. The government aims to return the money of all investors in a phased manner in a transparent manner, but this may take time.
