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| Finance Company allegedly cheats investors to tune of Rs 50 Crores | | Appeal to treat petition as PIL | |
Jammu, Jan 9 (JNF): In a petition filed by Joginder Singh & ors claiming to have made investment in a Dutta Finance India Private Ltd run by the respondents namely Gurbachan Singh and five others, the petitioners have allegedly been cheated to the tune of Rs 50 crores. According to the petitioners, the private respondents have misappropriated the investment made by the petitioners and other investors and purchased huge assets from the investment in the shape of land, flats and other immovable property. According to the petitioners, private respondents have refused to return the money invested by petitioners. It is further pleaded that Gandhi Nagar Police Station registered u/s 420 RPC. Sr. Adv SS Lehar assisted by Adv Meharban Singh appearing for the petitioners insisted that the petition involves huge public interest and deserves to be treated as Public Interest Litigation. Justice Hasnain Massodi of Jammu & Kashmir High court Jammu after hearing Sr. Adv SS Lehar assisted by Adv Meharban Singh, observed that in view of the stand taken by Sr. Counsel for the petitioners and having regard to a number of petitioners as also huge amount involved, the submissions made, merits consideration and directed Registrar Judicial High Court Jammu Wing to place the matter before the Chief Justice for treating this petition as Public Interest Litigation. |
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