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of <h1>Approval granted for fresh Rs 5,000 crore disbursal from SEBI-held refund account to repay cooperative society depositors</h1> The Supreme Court permitted fresh disbursal of Rs 5,000 crore from the SEBI-held refund account of a corporate group to repay depositors of affiliated cooperative societies, extending the deadline for that tranche to December 31, 2026. The funds are to be transferred to the Central Registrar of Cooperative Societies for verified payment to genuine claimants and the transfer must occur within a week under court-supervised procedures consistent with the court's March 29, 2023 direction. The Centre's application cited ongoing claims and prior disbursements and seeks continued monitoring of the refund process.
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