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2014 Supreme(Mad) 156

P.R.SHIVAKUMAR
N. S. Agro Farm & Hatchery – Appellant
Versus
Competent Authority & District Revenue Officer – Respondent


Advocates Appeared:
For the Appellants:M. Seenivasagan for M/s. K. Karthik Jagannath, Advocates.
For the Respondents:T. Jayaramraj, Government Advocate (CS) for M. Venugopal, Advocate.

JUDGMENT

1. Both the Civil Miscellaneous Appeals C.M.A.No.1612 of 2013 and C.M.A.No.1613 of 2013 have been filed against the orders of the learned Special Judge under the Tamil Nadu Protection of Interest of Depositors (in Financial Establishments) Act, 1997 dated 12.04.2013 dismissing the application filed by the appellants as O.A.No.6 of 2013 for raising the interim order of attachment passed by the Government and allowing the application filed by the competent authority as O.A.No.25 of 2012 seeking confirmation of the attachment and permission to sell the attached assets of the appellants.

2. The facts leading to the filing of the appeals are as follows: The second appellant N.Suresh started a business in the name of M/s. N.S. Agro Farm and Hatchery, a partnership firm and he acted as the Managing Partner. In the guise of promoting the business of rearing EMU Birds, he entered into agreements with various farmers making them invest huge amounts. By the said agreement, the farmers had paid amounts ranging from Rs.1,00,000/- and above. In turn, he had promised to supply a few Emu Birds to be maintained by the investors at their places and certain amount was promised to be paid peri

























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