The Sahara India Commercial Corporation Limited (SICCL) is taking a significant step towards returning money to its investors. Ahead of Diwali, investors are hopeful to receive refunds on their investments in the Sahara Group schemes, including the Sharara Inverter plan. Reports suggest that refunds of up to ₹50,000 could be processed for eligible accounts, bringing relief to long-waiting investors.
Supreme Court Approval for Asset Sale
SICCL has approached the Supreme Court to get permission for selling key movable and immovable assets to Adani Properties Private Limited. Some of the notable assets proposed for sale include Aamby Valley in Maharashtra and Sahara City in Lucknow.
The hearing for this petition is scheduled for October 14, 2025. If approved, this transaction is expected to unlock funds for investor refunds, which have been pending for years.
Funds Already Collected
Out of the original investment amount of ₹24,030 crore, the Sahara Group has successfully raised around ₹16,000 crore through previous asset sales. This money has been deposited in the SEBI Sahara Refund Account, ensuring transparency in refund operations.
Experts say this process reflects SICCL’s effort to honor court orders and investor claims, even after facing challenges in liquidating assets over the years.
Proposed Sale Details
SICCL’s petition mentions that 88 properties are included in the proposed sale. The goal is to realize fair value for these assets and meet pending financial obligations. If the Supreme Court grants approval, it will mark a major turning point in the Sahara refund process, giving long-awaited relief to investors across India.
Impact on Investors
The approval and completion of this asset sale could mean that eligible investors will start receiving their pending refunds. For investors in schemes like Sharara Inverter, this could amount to a refund of up to ₹50,000.
Many investors who have been waiting for years are hopeful that this Diwali will bring a financial gift, fulfilling the long-standing promise of the Sahara Group and SEBI.
Conclusion
The Sahara Money Refund process is moving closer to completion, thanks to SICCL’s petition for Supreme Court approval of asset sales. If successful, investors could finally get their pending refunds, marking a significant milestone in India’s corporate refund history. This Diwali could indeed be a special moment for Sahara investors, as years of waiting may finally end.
FAQs
Who is eligible for Sahara refunds?
Investors who had invested in Sahara Group schemes, including Sharara Inverter and similar plans, and whose money was pending refund.
How much refund can investors expect?
Refunds vary, but eligible investors can get up to ₹50,000 per account depending on their investment.
What is the current status of the refund process?
SICCL has filed a petition in the Supreme Court to sell assets to raise funds for refunds. The hearing is scheduled for October 14, 2025.
Which assets are being sold to generate funds?
Key assets include Aamby Valley in Maharashtra and Sahara City in Lucknow, along with 88 other properties proposed in the sale.
Where will the refunded money come from?
The proceeds from asset sales will be deposited in the SEBI Sahara Refund Account to ensure transparent distribution to investors.