Overview

With the object to give relief to deprived investors and save lot of judicial hours, the Hon'ble Division Bench of High Court, Calcutta comprising the then Hon'ble Chief Justice Manjula Chellur and Hon'ble Justice Joymalya Bagchi passed order on 23.12.2015 in MAT 559 of 2015 and other matters and appointed Hon'ble Justice Sailendra Prasad Talukdar(Retd.) as One Man Committee for implementing a process to create a corpus fund by selling properties, both movable and immovable, of the Chit Fund Companies and its' Directors by public auction and frame a proper scheme for paying the amounts due to the investors. State and other agencies including the Companies were directed to render all requisite assistance to the Committee.

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