Investors’ plea in CRB case

MUMBAI, March 16: The Investors’ Grievance Forum today urged the Bombay High Court to direct the official liquidator of CRB Capital Markets Limited or Reserve Bank of India to provide addresses of 128 satellite companies of the accused group. The IGF wanted the addresses of the CRB group so that notices could be served on them with regard to a petition seeking action against regulatory authorities in the multi-crore scam.

IGF counsel Navroze Seervai and Chandu Mehta urged that 128 satellite companies, scattered all over India, had been made respondents to the petition because they allegedly received Rs 550 crore from the parent company. Chief Justice M B Shah and Justice A Y Sakhare adjourned the matter for three weeks following an assurance from RBI counsel and the official liquidator that they would supply the addresses.