FINAL ORDER PASSED IN WP NO 8084 OF 2017 DATED 27.10.2025 BY THEIR LORDSHIPS JUSTICE S.M. SUBRAMANIAM AND JUSTICE MOHAMMED SHAFFIQ. More than 12 lakhs investors have invested their money in Disc Assets Lead India Limited and its sister concerns. The amount having not been given to the depositors some of them filed WP No 8084 of 2017 and the then Division Bench presided by the Hon’ble Chief Justice passed an interim order on 11.10.2017 constituting an Administrator Committee headed by Justice N. Paul Vasantha Kumar former Chief Justice of Jammu and Kashmir High Court. The Committee was directed to open an account in Indian Bank Madras High Court Branch and sell the properties

FINAL ORDER PASSED IN WP NO 8084 OF 2017 DATED 27.10.2025 BY THEIR LORDSHIPS JUSTICE S.M. SUBRAMANIAM AND JUSTICE MOHAMMED SHAFFIQ.
More than 12 lakhs investors have invested their money in Disc Assets Lead India Limited and its sister concerns. The amount having not been given to the depositors some of them filed WP No 8084 of 2017 and the then Division Bench presided by the Hon’ble Chief Justice passed an interim order on 11.10.2017 constituting an Administrator Committee headed by Justice N. Paul Vasantha Kumar former Chief Justice of Jammu and Kashmir High Court. The Committee was directed to open an account in Indian Bank Madras High Court Branch and sell the properties of the company and its sister concerns and deposit the amount and distribute the investors either in full or pro rata basis.
The committee on various dates sold certain properties and deposited the sale proceeds in the joint account and with accrued interest the total sum of Rs 274,11,13,442.70. For distributing the said amount to the investors on pro rata basis steps were taken. At that time the company had stated that the total number of investors are 12,38,000 and the amount involved is about 950 crores.
Hence the chairman of the committee filed a final report and requested the Hon’ble High Court to transfer the amount to the Special Court TANPID Act cases Madurai as there is uncertainty about the number of investors and the amount to be disbursed. The Division Bench passed final order on 27.10.2025 and directed the committee to transfer the amount available to the credit of CC No. 9 of 2019 on the file of the Special Court under TANPID Act cases Madurai.
The presiding officer, TANPID Act cases Madurai opened a bank account in State Bank of India and the entire amount of Rs 274,11,13,442.70 was remitted by the Indian Bank High Court Branch to the credit of CC. No 9 of 2019 State Bank of India CTO Complex Branch Madurai on 25.11.2025. The High Court also directed to hand over all the records to Mr. R. Rajamurali DSP Economic Offences Wing Madurai to collect all original and other documents and the materials available.
In compliance with the said direction, Mr. R. Rajamurali was handed over all originals and other records and materials already. The Hon’ble High Court also directed the investors/ depositors to approach the Special Judge TANPID Act Cases Madurai for the purpose of realization of their money.