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DB issues directives in multicrore Sheen finance scam 11/1/2015 11:49:24 PM Early Times Report Jammu, Nov 1: In a Public Interest Litigation (PIL) filed by Welfare Association of Share Holders of Sheen Finance & Investment (India), Sheen Agro Plantation Ltd and Sheen Road Links Limited, A Division Bench of State High Court Comprising Justice Ali Mohammad Magrey and Justice BS Walia after hearing both the sides, Deputy Commissioner, Ramban had been directed to hear the petitioner and respondent to submit report before the next date. When the matter was taken-up, Adv BS Bali submitted that hat Deputy Commissioner, Ramban has not complied with the direction. Therefore, he seeks further direction against the Deputy Commissioner, Ramban to comply with the direction of this Court. Division Bench on the submissions of AAG Ehsan Mirza, granted two weeks time and also observed that r. B.L. Saraf, Pr. District & Sessions Judge (retired) appointed as Court Liquidator submits that he could not file the status report as the SEBI despite request has not submitted the details. Upon this division Bench directed Registrar Judicial to convey the order of this Court passed on 07.10.2015 read with order passed today to the authorities of SEBI for implementation of the directions. Division Bench further observed that B.L. Saraf, Pr. District & Sessions Judge (retired) submits that he is not in a position to continue as Liquidator on the health grounds, therefore, seeks direction to be relieved. Registrar Judicial to submit a panel of retired Pr. District & Sessions Judges before this Court on the next date of hearing for appointing one of them as Court Liquidator in place of Mr. B.L. Saraf, Pr. District & Sessions Judge (retired). (JNF)   Share This News with Your Friends on Social Network     Comment on this Story

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