Justice S.P Talukdar Committee Alchemist List
The ‘One Man Committee headed by Hon’ble Justice Sailendra Prasad Talukdar started functioning on 01.02.2016. Initially, the matters relating to MPS Group of Companies were referred to this committee.
Inventories were made relating to available immovable properties of MPS Group of Companies situated at different places of West Midnapore, Burdwan, and Kolkata. With the assistance of SEBI, the committee conducted public auctions of some properties of MPS Group of Companies.
Justice Sailendra Prasad Talukdar Committee
It is ‘One man Committee’ to deal with the matters so far as the following reference:-
- “To identify, make an inventory and secure all the records of the appellant group of companies and its directors in respect of movable, immovable properties including those seized by the police including like the original sale deeds and other documents like fixed deposit receipts, etc. belonging to the above MPS Group of Companies with the assistance of machinery of the state and the Central namely State Police, CBI and SEBI, etc.
- To ascertain the name and other particulars of depositors (other than agents) and to verify their applications to ascertain the exact amount of deposit invested by them.
- To dispose of all the assets movable and immovable belonging to the MPS Group of Companies and its directors by public auction.
- If money are payable to the MPS Group of Companies, recover the same and to credit to the corpus fund to be created for the purpose of the scheme by attaching movable, immovable properties, Bank accounts etc.
- After completing the process of sale and identifying the names of the investors and the amounts due to them the committee will formulate a scheme which has to be placed before the Court for approval.
- Upon such approval, the Committee shall disburse the amounts to the depositors (Other than agents) after due identification in terms of the sanctioned scheme.”
The Committee is permitted to open a Bank account in any nationalized bank for the purpose of depositing the corpus fund to be operated by the persons authorized by the Committee.
Download the Justice S.P Talukdar Committee Alchemist List PDF using the link given below.