Tripura HC Directs Timely Distribution of ₹11 Crore Recovered from Chit Fund Scams to Defraud Investors

The Tripura High Court, in a suo motu PIL, directed the state government to ensure prompt and equitable distribution of ₹11 crore recovered from chit fund and NBFC scams, including those involving Rose Valley, Sarda, and Waris, to defrauded depositors. 

The court has asked the government to file a formal distribution plan and publish details in newspapers.

During the June 25 hearing, the Court appointed Senior Advocate Purushottam Roybarman as amicus curiae and mandated the CBI to appoint a Superintendent of Police in Tripura to accelerate its investigation.

The matter will be heard again on July 8.