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

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.