https://www.taxtmi.com/caselaws?id=777850 HC held it had jurisdiction to substitute and supervise the Special Committee overseeing winding-up and disbursements of the mutual fund scheme. The court found irregularities by the ex-management and that the interim embargo on payments to the ex-management group did not merge into the silent final order; therefore the embargo remains not expressly lifted. The HC set aside the rejection order dated 29 Nov 2023 and remitted the claimant's application for fresh consideration to the authority designated under this judgment. The Special Committee must prioritize payments to individual and non-group investors, and residual/unclaimed amounts are to be transferred to the Investor Protection and Education Fund. Applications disposed. en-us Mon, 01 Sep 2025 00:00:00 +0530 Sat, 06 Sep 2025 08:16:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777850 HC held it had jurisdiction to substitute and supervise the Special Committee overseeing winding-up and disbursements of the mutual fund scheme. The court found irregularities by the ex-management and that the interim embargo on payments to the ex-management group did not merge into the silent final order; therefore the embargo remains not expressly lifted. The HC set aside the rejection order dated 29 Nov 2023 and remitted the claimant's application for fresh consideration to the authority designated under this judgment. The Special Committee must prioritize payments to individual and non-group investors, and residual/unclaimed amounts are to be transferred to the Investor Protection and Education Fund. Applications disposed. Case-Laws SEBI Mon, 01 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777850