IN THE HIGH COURT OF ORISSA AT CUTTACK W.P.(C) No.5498 of 2025 Binoy Nayak & Ors. …. Petitioner(s) Mr. Subhankar Rout, Adv. -versus- State of Odisha & Anr. …. Opposite Party(s) Mr. Saswat Dash, AGA Mr. Bibekananda Bhuyan, Sr. Adv. along with associates for the O.P.2 CORAM: HON’BLE DR. JUSTICE S.K. PANIGRAHI Order No. ORDER 05.03.2025 02. 1. This matter is taken up through hybrid arrangement. 2. In filing this Writ Petition, the Petitioners have sought for a direction from this Court to the Additional District Magistrate-cum-Competent Authority under the Odisha Protection of Interests of Depositors Act, 2011/ Opposite Party No.2 for performing his duty as per the direction of the learned Designated Court under the OPID Act, 2011 vide Annexure-4 and also the direction issued by the Finance Department in the resolution dated 16.10.2015. Apart from the above prayer, the Petitioners have also sought for a direction from this Court to the Opposite Party No.2 for refunding the deposits made by the Petitioners’ mother. 4. Heard learned counsel for the Parties. Digitally Signed Signed by: AYASKANTA JENA Designation: Personal Assistant Reason: Authentication Location: High Court of Orissa Date: 06-Mar-2025 16:52:48 Signature Not Verified 5. At the outset, Mr. Bibekananda Bhuyan, learned Senior Advocate appearing on behalf of the Opposite Party No.2, on instruction, submits that the authority concerned requires one month time to verify the genuineness of the investment made by the mother of the Petitioners. He further contends that after such verification the invested amount shall be refunded in favour of the eligible Petitioner(s). 6. Considering the submission made on behalf of the Opposite Party No.2, this Court directs the Additional District Magistrate-cum-Competent Authority/ Opposite Party No.2 to complete the verification process within a month from the date of presentation of an authenticated copy of this order and refund the deposits in favour of the eligible Petitioner immediately thereafter without any further delay. 7. This Writ Petition is, accordingly, disposed of. (Dr. S.K. Panigrahi) Judge Ayaskanta Designation: Personal Assistant