( 1 ) THESE are the four appeals, one appeal has been preferred by Overland Investment Ltd. , the second one by Verona Commercial and Investment P. Ltd. and the third one including one by Sri Sankar Gope by Sanchayanai Savings and Investment P. Ltd. all being aggrieved by and dissatisfied with the order dated 21st March, 1996 passed by the learned trial Judge. The writ application was filed by the respondent, State of West Bengal by way of public interest litigation before the learned trial Judge praying for appointment of a Special Officer or Commissioner for the purposes of taking charges and possession of all the assets and moveable and immoveable properties including the Bank Accounts not only standing in the name of the aforesaid Companies but also standing in the name of its Directors, relatives and family members and for certain other orders including the order of attachment and making investigation into the affairs of the said companies and ultimately for framing the scheme for refund of the money received from millions of depositors. In the writ application it was stated that the provisions of the Residuary Non-Banking Companies (Reserve Bank