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Judgment
Today a status report as regards different companies of the Alchemist Group made by the Committee has been submitted by Mr. Nakul Chandra
Chaki, Assistant Secretary of the Committee. He submits that Mr. Subrata Mitra, Secretary of the Committee is on leave and could not be present
today before this Court. His personal appearance shall stand dispensed with for the present.
In course of hearing today, it has been brought to our notice by Mr. Chaki that lists of investors claiming refund have already been submitted to the
Committee by Mr. Meghajit Mukherjee, learned Advocate who represents different companies of the
Alchemist Group. The minutes of the proceedings before the Committee held on 19th April, 2018 has been produced before us. The Committee wants
to examine the same so that sums claimed can be disbursed to the individual depositors in terms of our earlier direction. This process of disbursement
shall be in chronological order of the deposits made.
Let the Committee proceed with such process. The Committee shall also give clearance for payment to the individual depositors in that order, to be
made by the different companies of the Alchemist Group. We shall take up this batch of writ petitions and the connected applications on 15th May,
2018. On that date Committee shall submit a report before us on the aspect of progress made in the refund process.