The court directed the competent authority to verify and disburse recovered liquid cash to depositors in cases involving financial fraud under the TNPID and other acts to ensure the recovery of dues.

Prayer:

Criminal Original Petition filed under Section 528 of BNSS , praying to direct the first and second respondents to disburse the amounts attached to the claimants with due verification in CC.No.4 of 2026 and within a time frame fixed by this Court.

ORDER

This criminal original petition has been filed praying for a direction to the respondents 1 and 2 to disburse the amounts attached to the claimants with due verification in CC.No.4 of 2026 on the file of the Special Court under TNPID Act , Coimbatore.

2. The petitioners are accused and they are facing charges for the offences punishable under Sections 120(B), 406, 420 of IPC and Sections 5 of TNPID Act , Sections 3 & 4 of Prize Chit and Money Circulation Schemes (Banning) Act, Sections 3 , 5, 6 r/w 21(3), 23 of BUDS Act . Pursuant to the registration of FIR, liquid cash was recovered from the accused and also properties were attached by way of interim attachment in respect of the properties belong to the petitioners by way of Government orders. There are 252 depositors and total amount due to them is approximately Rs.3.18 crores.

3. The learned counsel for the petitioners submits that there is sufficient money to settle the entire depositors.

4. In view of the above, the competent authority i.e. respondents 1 & 2 are directed to disburse the amounts due to the depositors with the available liquid cash and report before the trial court. It is also made clear that the first and second respondents shall verify the depositors’ identities, fixed deposit and other relevant documents while disbursing the amount. Further, it is ordered that the said process shall be completed within a period of twelve weeks from the date of receipt of this order.

5. With the above directions, this criminal original petition stands disposed of.

12.08.2026 Index : Yes/No Neutral citation : Yes/No

Speaking/non-speaking order lok