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of <h1>Court Powers Under Banning of Unregulated Deposit Schemes Act: Manage Assets, Approve Payments, Safeguard Interests</h1> The Designated Court under the Banning of Unregulated Deposit Schemes Act, 2019, holds several powers to manage the assets of a deposit taker. These include approving statements of dues, assessing asset values, directing asset possession and sale, and approving expenses related to asset realization. The court can order full or proportionate payments to depositors and mandate disgorgement of wrongful gains. It can also issue orders for asset realization and depositor repayment. Additionally, the court may make orders for the maintenance of applicants and their families or safeguard business interests affected by asset attachment. The term 'deposit taker' includes directors, promoters, and other associated individuals.
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