Authority: Supreme Court of India (Part heard by Hon'ble Mr. Justice Dipankar Datta and Hon'ble Mr. Justice Manmohan)
Order Date: 21 September 2026
Case Overview
- Petition: M/S. Raiganj Consumer Forum (Petitioner) vs Union of India & others (Respondents) under Writ Petition No. 188/2004.
- The Court considered a tripartite agreement dated 16 September 2026 among the Golden Forest (India) Limited (GFIL) Committee, the Income Tax Department and SBI Capital Markets Limited.
- Counsel for GFIL submitted the agreement; Amicus Curiae Mr. Sunil Fernandes was kept informed.
- The matter also involved submissions by Mr. Narender Hooda on behalf of the Investors' Forum and an affidavit filed by the GFIL Committee as previously ordered on 6 August 2026.
Final Outcome
- The Court accepted the tripartite agreement and directed SBI Capital Markets Limited’s Vice President (PA&SF), Mr. Shaikh Shamim Akhter, to prepare model tender documents and furnish them to the GFIL Committee and the Income Tax Department within seven working days, with a copy to Amicus Curiae.
- The affidavit filed by the GFIL Committee in response to the Court’s earlier order is taken on record.
- The matter is re‑listed for 28 October 2026 at 2:00 p.m. after obtaining necessary orders from the Chief Justice of India to report progress.
- The Court will also hear arguments on the release of further sums to identified investors and on appropriate directions for dealing with unclaimed amounts belonging to unidentified investors.
Topics: Investor Settlement, Court Order