The Sahara SEBI Bhugtan Portal is an online refund mechanism established by the Government of India in compliance with judicial directives to enable genuine investors in Sahara Group cooperative societies to claim refunds of their locked-in funds. The portal operates under the supervision of the Central Registrar of Cooperative Societies (CRCS) and the Ministry of Cooperation, based on orders from the Securities and Exchange Board of India (SEBI) and the Supreme Court of India. It represents the primary route for investors to recover monies from various Sahara Group entities that were held in deposit schemes and cooperative societies.