TaxTMI 
TaxTMI 
2026 (8) TMI 1228
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....he second respondent to hand over a copy of all the materials, statements, information and other documents pertaining to Thiripura Chits Private Limited to the third Respondent / IRP / Liquidator and consequently to direct the third Respondent / IRP / Liquidator to initiate appropriate action under the Chit Funds Act, 1982, for recovery of all receivables and for passing such further or other orders. 2. Heard Mr.Vikram, learned counsel for the petitioner, Mr.M.Mohamed Riyaz, learned Government Advocate (Criminal Side) appearing for the respondents 1 & 2 and Mr.Madan Ramu, learned counsel appearing for the third respondent / Liquidator. 3. It can be seen that a case in Crime No.12 of 2017 was registered for the offences under Sections ....
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....es Wing, Chennai. 7. A consolidated statement was filed in the connected writ proceedings in W.P.No.4731 of 2020. From the said statement, it is seen that, with reference to 13 districts, a total number of 9,927 complaints were received, out of which 6,794 complaints had already been examined. It was found that the amount outstanding was to the tune of Rs. 220,14,52,440/-. It is further stated that 3,133 witnesses are yet to be examined. 8. Under these circumstances, while the properties of the company were attached, corporate insolvency proceedings were simultaneously initiated against the same corporate entity before the National Company Law Tribunal. By an order passed in M.A.No.697 of 2018 in C.P.No.381/IB/ 2018, the National Comp....
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....e would be more than the amount involved in the complaints pending on the file of the Economic Offences Wing. 13. The learned Government Advocate (Criminal Side) would submit that, in the course of investigation, the relevant documents have been collected and the proceedings are being carried on in accordance with the directions issued by the Division bench of this Court. He would further submit that, once the attachment is made absolute and further permission is granted, the competent authority would proceed to sell the properties. It is fairly submitted that the properties attached are only to a minor extent, whereas the claims are much more. 14. The learned counsel appearing on behalf of the Liquidator would submit that, without in....
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....e duty of the Liquidator, when appointed under the relevant provisions of the IBC, to take appropriate steps to recover of the amounts due to the company. 18. In view thereof, the prayer made in the present Criminal original petition is only to furnish copies of all the materials. When it is stated that the entire materials pertaining to the company have been seized by the Economic Offences Wing in the course of the investigation, I am of the view that one complete set of copies may be furnished to the Liquidator. Thereafter, if the originals of any particular documents are required, the Liquidator may, at that stage, seek appropriate permission from the Special Court, depending upon the status of the case, or approach the appropriate fo....