The Official Liquidator, Delhi has issued a notice to depositors who had made a claim for refund of their deposits from CRB Capital Markets. Hundreds of depositors from around the country have filed claims, which have been assessed by the Liquidator, and a notice calling for submission of documents for refund has been issued. The following is the text of the Public Notice.
IN THE MATTER OF
RESERVE BANK OF INDIA
M/s. CRB CAPITAL MARKETS LTD.
(In Prov. Liqn.)
Company Appeal No.8/2006
ADVERTISEMENT OF NOTICE REGARDING PAYMENT TO
FIXED DEPOSITORS / BOND HOLDERS OF CRB CAPITAL MARKETS LTD.
In the above noted matter, by way of interim directions, vide orders dated
15/12/2010 in Co. App. No.8/2006 read with Order dated 16/3/2011 in CA
No.4191/2011 in Co. App. No.8/2006, Division Bench of Hon’ble High Court of
Delhi has constituted a disbursement committee of seven members to be chaired
by a retired Additional District & Sessions Judge to make payment of the principal
amount upto Rs.50,000/- to fixed depositors / bond holders whose claims have
already been admitted by M/s. A. Sharma & Co., Chartered Accountants in
response to the earlier public notices issued to the creditors in various
Vide the aforesaid orders, Division Bench of Hon’ble High Court has also directed
to process the claims of those depositors whose claims were found deficient.
In terms of the aforesaid directions the disbursement Committee has already
entered upon the reference. The place of sitting of the Committee is the Regd.
address of the Company i.e. 13, Panchkuin Road (Backside), New Delhi-110001.
The email address is email@example.com
The detailed particulars of the claimants and the amount admitted, the detailed
particulars of the claimants whose claims were found deficient / rejected stands
uploaded on www.delhihighcourt.nic.in, the website of the Delhi High Court and on
www.delhiol.com, the website of Official Liquidator attached to the High Court.
All the fixed depositors / bond holders whose claims stand admitted are requested
to submit the following documents at the place of work of the disbursement
Committee to enable the Committee to disburse the amount:
1.Original Fixed Deposit Receipt / Bond duly discharged
(In case FD Receipt / Bond has already been submitted, please attach proof of
2.Proof of identity in the shape of copy of Voter ID Card / PAN Card / Passport
3.Bank account details
All those fixed depositors / bond holders whose claims were found deficient /
rejected are requested to remove the deficiencies to enable the Committee to
scrutinize their claims.
CRB Capital Markets Ltd.
Place: New Delhi
Importantly, this report in Business Standard says CRB Capital Markets has been allowed to re-open by the Delhi High Court, with caveats on disbursal of refunds as prescribed to various depositors and creditors.