Court Adjusts Payment Order: Minimum Rs. 8,000 to Depositors, Avoid Duplicates, Complete in 2 Months, Free Order Copy.

The HC partially modified its previous order, directing the Competent Authority to release a minimum of Rs. 8,000 to identified depositors/investors. The court emphasized avoiding duplicate payments by identifying those who have already received Rs. 10,000. The disbursal is to be completed within two months, and the I.A. was disposed of, with a free order copy provided to the respective counsels.

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Issues:
Release of deposited amounts to identified depositors/investors in compliance with court directions.

Analysis:
The judgment pertains to a case where the court addressed the issue of releasing deposited amounts to identified depositors/investors in accordance with previous court orders. The court noted the communication from the Government of Odisha Finance Department regarding the difficulty in meeting the deposited amount for release to depositors/investors. The Competent Authority suggested an equitable distribution of Rs. 8,000 each to identified depositors in three categories, which was not disputed by the counsel. The court found no difficulty in releasing a minimum sum of Rs. 8,000 to the identified depositors/investors based on the submissions and correspondence presented.

The court, in partial modification of the previous order, directed the Competent Authority to complete the release proceedings in favor of identified investors/depositors with at least Rs. 8,000 each. It was emphasized that the release process should identify investors who have already received Rs. 10,000 to ensure no duplicate payments are made. The court ordered the complete disbursal of the amounts within two months from the date of communication of the order by the Petitioner. Consequently, the court disposed of the Interlocutory Application (I.A.) and instructed to provide a free copy of the order to the respective counsels involved in the case.

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