https://www.taxtmi.com/caselaws?id=459311 Delhi HC addressed investor claims against Golden Forests (India) Ltd and group companies that collected hundreds of crores through investment schemes. The court-appointed committee proposed slab-wise disbursements but HC rejected this as discriminatory, finding assumptions about investor affluence inaccurate. Given litigation uncertainties over properties, potential Rs. 65 crore reimbursement claims, and Rs. 32 crore tax payments, HC declined immediate disbursement orders. Instead, court directed RBI to nominate an expert to assist the committee in fund management optimization and developing feasible disbursement methods, deferring disbursement decisions pending expert recommendations. en-us Thu, 24 Apr 2014 00:00:00 +0530 Mon, 09 Dec 2024 11:18:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459311 Delhi HC addressed investor claims against Golden Forests (India) Ltd and group companies that collected hundreds of crores through investment schemes. The court-appointed committee proposed slab-wise disbursements but HC rejected this as discriminatory, finding assumptions about investor affluence inaccurate. Given litigation uncertainties over properties, potential Rs. 65 crore reimbursement claims, and Rs. 32 crore tax payments, HC declined immediate disbursement orders. Instead, court directed RBI to nominate an expert to assist the committee in fund management optimization and developing feasible disbursement methods, deferring disbursement decisions pending expert recommendations. Case-Laws SEBI Thu, 24 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459311