Mr. Preshit Bharate, Director of Shivaji Estate Livestock and Farms Pvt. Ltd. has filed application being Exh-48 U/s.265-B of Cr.P.C., in Spl. MPID Case No.11 of 2004 in respect of C.R.No.134 of 2003 registered by GBCB CID, Unit No.7 (EOW) Mumbai. He has shown his willingness to pay the dues of all the Investors. Several of the properties attached are disputed. As per the directions issued by the Spl. MPID Court No.7, Mumbai a meeting was held at the office of the Deputy Collector (Competent Authority) wherein the Investigating Officer and some of the Investors were present. In the meeting the following proposal was submitted by Preshit Bharate.
The total amount invested by each of the Investors would be returned with additional 15% of the invested amount as compensation within six months from the dated of passing of the order by the Hon’ble Spl. MPID Court, Mumbai
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