COMMON ORDER

1.All these petitions have been filed challenging the impugned FIR in Cr.No.1 of 2025 registered for the offences under Sections 406 and 420 of the IPC, Section 5 of the Tamil Nadu Protection of Interest of Depositors (In Financial Establishments) Act, 1997 [in short, 'the TNPID Act'] and Sections 21(1), 21(2), 21(3) and 23 of the Banning of Unregulated Deposit Schemes Act, 2019 [in short, 'the BUDS Act].

2. The gist of the allegations in the impugned FIR is

(i) that the defacto complainant was an employee of a Company by the name 'Shri Ramalinga Mills Private Limited' [in short, 'the Company'], which was managed by the late Mr.T.R.Dinakaran; that after the retirement of the defacto complainant from the said Mills, he had deposited a portion of his retirement benefits in the Company and the late Mr.T.R.Dinakaran had been paying a high rate of interest regularly; that initially the deposit receipt was issued in the name of the Company; that thereafter, the deposit was changed into the individual name of the late Mr.T.R.Dinakaran;

(ii) that until the said Mr.T.R.Dinakaran passed away on 19.12.2022, the defacto complainant and the other depositors were receiving interest regu