https://www.taxtmi.com/caselaws?id=761543 Bombay HC disposed of PIL concerning fraudulent financial schemes like Agro Bonds and Plantation Bonds that lured investors with high returns but lacked tangible securities. The court found investigating officers failed to file required reports despite directions. The matter was transferred to Company Court for handling asset attachment, sale, and investor repayment issues. Official Liquidator was directed to oversee respondent companies' properties and act under Company Court guidance. All pending applications were disposed of, with parties permitted to file fresh applications in the Company Petition proceedings. en-us Mon, 11 Nov 2024 00:00:00 +0530 Tue, 12 Nov 2024 08:53:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761543 Bombay HC disposed of PIL concerning fraudulent financial schemes like Agro Bonds and Plantation Bonds that lured investors with high returns but lacked tangible securities. The court found investigating officers failed to file required reports despite directions. The matter was transferred to Company Court for handling asset attachment, sale, and investor repayment issues. Official Liquidator was directed to oversee respondent companies' properties and act under Company Court guidance. All pending applications were disposed of, with parties permitted to file fresh applications in the Company Petition proceedings. Case-Laws SEBI Mon, 11 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761543