https://www.taxtmi.com/caselaws?id=350783 A court-supervised mechanism was used to identify depositors, ascertain and value properties, realise assets through sale, and distribute proceeds under the statutory framework governing deposit-taking establishments. A multi-disciplinary committee was constituted with authority to engage professionals, invite claims, and supervise the recovery process, reflecting the need for structured administration of a large investor-claim exercise. The order also preserved the criminal process: the FIR and criminal proceedings were kept alive, alienation of properties was restrained except through the committee, and periodic disclosure and cooperation were required. Any shortfall in realised funds was to be met through pro rata distribution among claimants. en-us Wed, 11 Oct 2017 00:00:00 +0530 Mon, 13 Nov 2017 11:04:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350783 A court-supervised mechanism was used to identify depositors, ascertain and value properties, realise assets through sale, and distribute proceeds under the statutory framework governing deposit-taking establishments. A multi-disciplinary committee was constituted with authority to engage professionals, invite claims, and supervise the recovery process, reflecting the need for structured administration of a large investor-claim exercise. The order also preserved the criminal process: the FIR and criminal proceedings were kept alive, alienation of properties was restrained except through the committee, and periodic disclosure and cooperation were required. Any shortfall in realised funds was to be met through pro rata distribution among claimants. Case-Laws Companies Law Wed, 11 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350783