Nirmal Ujjwal depositors stalled again as Manmode seeks 45 to 60 more days

The 37th annual general meeting of Nirmal Ujjwal Credit Cooperative Society was held at Anusaya Sabhagriha near Jagnade Chowk in Nagpur, drawing a large number of depositors. Many had hoped for clear information and firm assurance on the return of their deposits, but the meeting ended without any fixed schedule for repayment.

The society's founder, Pramod Manmode, was present at the meeting. Depositors asked him directly when their deposits would be returned. Before leaving the meeting, Manmode asked depositors for 45 to 60 days. When exactly they will actually get their money remains unclear.

For depositors who have been waiting a long time for their money, this fresh demand for 45 to 60 days has added to their worry. Those who attended the meeting had expected a clear payment timeline, but with more time now sought, they will have to wait again.

The notice for the annual general meeting had listed several financial matters, including the balance sheet, profit and loss statement, budget, distribution of profits, the society's borrowing limits, and the statutory auditor's report. But for depositors, the biggest issue remained the return of their deposits, and it was on this that they wanted clarity at the meeting.

Depositors are now watching the next 45 to 60 days closely. Their concern is not just the length of the wait but whether payments will actually begin within the period sought.

The matter now rests with the society. It remains to be seen whether the 45 to 60 days sought by Pramod Manmode resolve depositors' troubles or whether their wait is prolonged once again.