TMI Blog2023 (2) TMI 1147X X X X Extracts X X X X X X X X Extracts X X X X ..... ng amount collected from the depositors by 4th respondent company - sale of newly attached assets by public auction for repayment to the depositors of 4th respondent - HELD THAT:- A person showing different identities of himself such as Sachin Naik @ Yogesh Chowdhary, Sumanthkumar Das, being MD of the company, attracted the depositors for investment. The unfortunate depositors fell prey to the attractive advertisements and the company lured nearly 3597 depositors and collected an amount to the tune of Rs.385 crore. When the depositors came to know that they are subjected to deceit mischief and breach of trust, they filed 60 complaints within the limits of Madiwala, Vidyaranayapura, Hennuru, HAL police station limits, Bangalore City. Cons ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... application, the Competent Court would pass appropriate orders accordingly. As such, there are no reason to issue any separate directions to that effect. The perusal of record indicates that before filing of the charge sheets, certain orders were passed by the Civil Court. Being aggrieved by such orders, the aggrieved party had approached this Court by filing writ petitions and the order of the learned Single Judge are challenged in writ appeals. As the issue in the appeals can be separately dealt with, it is deemed appropriate to de-tag the present PIL from this pending appeals. Accordingly, the writ petition is de-tagged. Petition disposed off. - WRIT PETITION NO. 7500 OF 2020 (GM-RES) PIL - - - Dated:- 27-2-2023 - THE HON' ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .3 for proportionate payment to the depositors of 4th respondent company under section 11 (2) (e) of the KPID Act 2004. 8. Direct the respondent No.3 to appoint an expert for forensic audit of the 4th respondent company to unearth more assets. 9. Direct the respondent No.2 to seize the personal assets of directors and employees of the 4th respondent company. 10. Direct the respondent No.2 to find the route of siphoning of remaining Rs.285 crores money collected from the depositors by 4th respondent company. 11. Direct the respondent No.3 to sell the newly attached assets by public auction for repayment to the depositors of 4th respondent. 12. Any other direction which this honorable court feels and deem it prop ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Yogesh Chowdhary, Sumanthkumar Das founded the M/s Dreamz Infra India Limited. A person showing different identities of himself such as Sachin Naik @ Yogesh Chowdhary, Sumanthkumar Das, being MD of the company, attracted the depositors for investment. The unfortunate depositors fell prey to the attractive advertisements and the company lured nearly 3597 depositors and collected an amount to the tune of Rs.385 crore. When the depositors came to know that they are subjected to deceit mischief and breach of trust, they filed 60 complaints within the limits of Madiwala, Vidyaranayapura, Hennuru, HAL police station limits, Bangalore City. Considering the scope of mischief and offences whereby the provisions of the KPID Act were attracted, CID t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he status report that as the charge sheets are filed, the cases are put up for trail before the Competent Court and the cases are at the stage of recording evidence. The statements in the status report are supported by placing on record the copies of necessary notifications and the gist of the copies of the charge sheets filed before the Competent Court. The status report filed on 17.02.2023 includes a tabular statement under the caption List of orders passed by the Hon ble XCI Prl. City Civil and Sessions Judge (CCH-92), Bangalore in respect of Errant Financial establishment M/s. Dremz Infra Limited . 4. Considering the above referred report and summary, we are of the opinion that the cause raised in the PIL is duly addressed and redre ..... X X X X Extracts X X X X X X X X Extracts X X X X
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