1999 (2) TMI 604

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....unnumbered suit on the file of the Subordinate Judge, Kuzhithurai. 2. The suit is one for recovery of money from the defendants who were running a private finance by name 'Parvathi Fund'. 3. According to the petitioner, she paid amounts in the respondent finance, which the respondents did not return which necessitated the filing of the suit. 4. The lower court refused to entertain the sui....

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....ed manner with an intention to default deposi-tors. If any of these conditions is satisfied, the Government is entitled to attach the properties and it may notify the competent authority to take control of the assets. Thereafter, the competent authority shall apply within 15 days to the Special Court constituted under the Act. 7. Chapter IV of the Act deals with the constitution of the Special ....

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....there had been complaints received from a number of depositors or that the Government has reason to believe about the proposed fraud or any action by the Government. So long as the Government has not initiated any action, nor the matter has been entrusted to the competent authority, the Special Court also cannot deal with the case now instituted by the petitioner. 10. After institution of a sui....