Jammu, Feb 8 (JNF): In the much publicized Public Interest Litigation regarding cheating of peoples to the tune of Rs 50 crores by Dutta Finance Pvt Ltd and others, a Division Bench of State High Court Comprising Chief Justice MM Kumar and Justice Hasnain Massodi of J&K High Court Jammu Wing issued notice to the finance company and after hearing Sr. Adv SS Lehar with Adv Meharban Singh appearing for the PIL, has ordered that in the meantime, alienation of properties belonging to Dutta Finances Pvt Ltd and Bhajjan Financers Nanak Nagar Jammu including the property belonging to the Directors, partners or any other person connected with these companies shall remain stayed.
In a petition filed by Joginder Singh & others the petitioners claimed to have made investment in a Dutta Finance India Private Ltd run by the respondents namely Gurbachan Singh and five others who allegedly cheated the petitioners and other depositors to the tune of Rs 50 crores.
According to the petitioners, the private respondents have misappropriate the investment made by the petitioners and other investors 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 cheating and misappropriation made by the respondents, the Gandhi Nagar Police Station approached to register FIR which was registered u/s 420 RPC. |
