LIST OF DATES AND EVENTS | HYDERABAD HIGH COURT | JUSTICE SRI DEVI

Writ Petition 5449 and 7950 of 2019 (Clubbed): Praying for SFIO | Hon. Justice G. Sridevi.

 

Ia.  December 23, 2019:  Heera Group lawyers agreed to settle all amount of complainants in all cases registered against the company in Telangana, and the honorable High Court imposed stringent conditions before directing the police to take necessary permissions from State Government to transfer the case to SFIO.

 

ORDER

 

3.  The 2nd petitioner shall deposit an aggregate amount of Rs. 5,00,00,000/- (Rupees Five Crores only) before the Metropolitan Sessions Judge, Nampally, Hyderabad.  The amount so deposited by the 2nd petitioner, the Metropolitan Sessions Judge, Nampally, Hyderabad, be invested in an appropriate interest bearing deposit scheme in a Nationalized Bank.

 

4.  The 2nd petitioner is further directed to appear before the SFIO on or before 10.01.2020 and then the SFIO is at liberty to proceed with the investigation by obtaining a bond from her with sufficient sureties for further appearance during course of investigation by SFIO under the provisions of Companies Act, 2013.

5.  After such appearance before the SFIO, the 2nd petitioner shall make all possible attempts to settle the claims of the concerned complainants/ informants, within a period of three months.

PROCESS IGNORED AFTER HEERA GROUP APPROACHED SC.  THIS IS THE ORDER THAT HEERA GROUP WANTED SC TO IMPLEMENT THROUGHOUT THE COUNTRY