Justice S.P Talukdar Committee Alchemist List - Summary
The Justice S.P. Talukdar Committee Alchemist List is an essential PDF for anyone interested in the activities surrounding the MPS Group of Companies. This important document comes from the ‘One Man Committee’ led by Hon’ble Justice Sailendra Prasad Talukdar, which began its crucial work on 01.02.2016. The committee was set up to address matters related to the MPS Group of Companies.
About the Justice Sailendra Prasad Talukdar Committee
As part of its duties, the committee created inventories to keep track of the immovable properties owned by the MPS Group of Companies, located in various regions like West Midnapore, Burdwan, and Kolkata. With assistance from SEBI, the committee also organized public auctions for some of these properties.
This ‘One Man Committee’ has several important tasks, including:
- “To identify, create an inventory, and secure all records of the appellant group of companies and its directors concerning movable and immovable properties. This includes those seized by the police, such as original sale deeds and fixed deposit receipts belonging to the MPS Group of Companies, with help from state authorities like the State Police, CBI, and SEBI.”
- “To ascertain the names and particulars of depositors (excluding agents) and verify their applications to determine the actual amount of deposits they made.”
- “To sell all movable and immovable assets belonging to the MPS Group of Companies and its directors through public auctions.”
- “To recover any money owed to the MPS Group of Companies and credit those amounts to the corpus fund created for the scheme by attaching movable and immovable properties, bank accounts, and more.”
- “Once the sales process is complete and the investors and their due amounts are identified, the committee will prepare a scheme for Court approval.”
- “Following Court approval, the Committee will disburse amounts to the depositors (excluding agents) after verifying their identities as per the sanctioned scheme.”
The Committee is permitted to open a bank account in any nationalized bank where the corpus fund will be deposited, managed by authorized members of the Committee.
Don’t forget to download the Justice S.P Talukdar Committee Alchemist List PDF using the link provided below.