R.Maragadhavalli v. The Competent Authority and

ORDER This Writ Petition (Criminal) has been filed seeking a direction to the respondent to file an application under Section 7(10) of the Tamil Nadu Protection of Interests of Depositors (In Financial Establishments) Act, 1997 before the TNPID Court, Chennai, for ordering an interim distribution of the realised amount to the petitioners in connection with Crime No.12 of 2017. Page3 of 5

¶2Heard the learned counsel appearing on either side and perused the materials available on record.

¶3The petitioners are the victims. There are totally 9927 victims and the total amount alleged to have been cheated is more than Rs.220 crores. Based on the complaints lodged by the victims, twelve FIRs were registered for the offences under Sections 406, 420 and 120B of IPC and Section 5 of the TNPID Act, 1997. Insofar ar the FIR in Crime No.12 of 2017 on the file of the Inspector of Police, EOW Headquarters, Chennai, is concerned, a final report has been filed against the accused and the same is pending for taking cognizance. Pending investigation, the petitioners submitted representations to disburse the amounts which were already seized from the accused.

¶4There are totally twelve accused. So far, the Investigating Agency has recovered a sum of Rs.8 crores as liquid cash and the properties worth about Rs.15 crores were identified and also taking appropriate steps to attach the same. Whatever the amount recovered from the accused is now lying with the respondent herein.

¶5In view of the above, the Competent Authority is directed to disburse the available amount to the victims proportionately, on verification of Page4 of 5 their fixed deposit receipts and identity, in accordance with law. The respondent is directed to complete the said process within a period of twelve weeks from the date of receipt of a copy of this order. Further, the Investigating Officers and the respondent are directed to verify the balance sheet of the accused and take appropriate steps to recover the remaining amount in accordance with law.

¶6With the above direction, this Writ Petition (Criminal) stands disposed of. No costs. 07-07-2026 Index: Yes/No Speaking/Non-speaking order LPP To

1.TNPID Court, Chennai.

2.The Competent Authority and The District Revenue Office, Chennai District, 62, Rajaji Salai, Chennai Collectorate, Chennai-600 001.

3.The Public Prosecutor, High Court of Madras, Chennai. Page5 of 5 G.K.ILANTHIRAIYAN J. LPP 07-07-2026

Page1 of 5 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 07-07-2026 CORAM THE HON'BLE MR JUSTICE G.K. ILANTHIRAIYAN 1. R.Maragadhavalli 2. K.S. Ravi Kumar 3. R.Karthik 4. Guhan Stores R. Karthik, Proprietor 5. R.Sridevi 6. R.Vijayalakshmi 7. R.Balasundaram 8. B.Subashini 9. V.Ravikumar 10.B.Subash Babu 11.P.M.Sumathi 12.P.M.Chandramathi 13.B.Subitha 14.S.Karthikeyan 15.B.Lakshmi 16.K.Bhaskaran 17.B.Hemanth Kumar 18.K.Srinivasan 19.S.Velayudham 20.K.Balaji 21.M.K.Radhakrishnan 22.M.K.Usha 23.M.R.Ranjith 24.M.R.Rajanish 25.M.Kumaran 26.M.Chithra 27.E.Ramesh 28.M.Mohan Mull 29.M.Nithesh 30.Nilesh 31.M.Anjana Page2 of 5 32.M.Mohammed Anif 33.Z.Rakheeb Ahmed 34.B.Kannaiah 35.N.Thirumalai 36.T.Indira ..Petitioners Vs The Competent Authority and The District Revenue Office, Chennai District, 62, Rajaji Salai, Chennai Collectorate, Chennai-600 001. ..Respondents Prayer : Writ Petition filed under Article 226 of the Constitution of India, praying to issue a Writ of Mandamus, or any other appropriate writ, order, or direction in the nature of a writ, in relation to the petitioners' representation dated 15.09.2025. and consequently direct the respondent to file an application under Section 7, Sub-Section (10) of the Tamil Nadu Protection of Interests of Depositors (In Financial Establishments) Act, 1997, for making an interim distribution of the realised amount to the petitioners in Cr.No.12/2017 before the Honble TNPID Court, Chennai. For Petitioners: Mr.G.Gautham Ram Vittal For Respondent: Mr.R.Ganesh Kumar Counsel for Government of Tamil Nadu (Crl.Side)