<p>Ranchi: 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.</p>.<p> 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.</p>.<p> 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.</p>.<p> The state counsel informed the high court on Wednesday that it intends to challenge the order of the bench on the formation of a committee and return of funds in 45 days.</p>.<p> The bench of Chief Justice Sanjaya Kumar Mishra and Justice Ananda Sen while accepting the plea of the government adjourned the matter and will hear it again on December 6.</p>.<p> The court was informed earlier that the CBI and the Enforcement Directorate have seized money deposited with the chit fund companies and is lying in different banks.</p>.<p> The money rightfully belongs to investors who have been cheated of their hard earned money and it should be returned to them at the earliest, the petitioner had said.</p>
<p>Ranchi: 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.</p>.<p> 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.</p>.<p> 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.</p>.<p> The state counsel informed the high court on Wednesday that it intends to challenge the order of the bench on the formation of a committee and return of funds in 45 days.</p>.<p> The bench of Chief Justice Sanjaya Kumar Mishra and Justice Ananda Sen while accepting the plea of the government adjourned the matter and will hear it again on December 6.</p>.<p> The court was informed earlier that the CBI and the Enforcement Directorate have seized money deposited with the chit fund companies and is lying in different banks.</p>.<p> The money rightfully belongs to investors who have been cheated of their hard earned money and it should be returned to them at the earliest, the petitioner had said.</p>