JUDGMENT :

Prayer: Civil Miscellaneous Appeal filed under Section 11 of the Tamil Nadu Protection of Interests of Depositors (In Financial Establishments Act), 1997, r/w Order XUR1 of CPC., against the Fair and the Decreetal order dated 20.06.2014 passed in O.A.No.79 of 2010 on the file of the Court of Special Judge under TNPID Act 1997, Chennai – 104.

1. The Fair and Decreetal order dated 20.06.2014 passed in O.A.No.79 of 2010 is under challenge in the present Civil Miscellaneous Appeal.

2. The Original Application was filed by the Deputy Superintendent of Police, Economic Offences Wing II, Tiruchirappalli, to approve the attachment of properties belongs to the accused by the Government. The allegations against the 2nd respondent are that he was running a Financial institution and collected deposits from more than 1561 persons. However, the Finance company could not able to repay the matured deposits and many of the depositors filed the complaint before the Police. Investigations were conducted and the 1st respondent / Deputy Superintendent of Police, identified the properties and it was found that one of the property was sold by the accused person in favour of the appellant. However