G.O.Ms. No. 352, Ad-interim attachment of properties of Parivar Dairies and Allied Limited and PDA Foundation
The Government of Tamil Nadu Home Department, through G.O.Ms. No. 352, Home (Police XIX), dated 26 August 2021, makes an ad-interim attachment of scheduled immovable properties and bank accounts connected with Parivar Dairies and Allied Limited, PDA Foundation and others. Control of the attached immovable properties is transferred to the Competent Authority and District Revenue Officer, Madurai District, to protect depositors who complained that matured deposits had not been returned.
What the attachment does
G.O.Ms. No. 352, Home (Police XIX), dated 26 August 2021, was issued after complaints that Parivar Dairies and Allied Limited, Gwalior, and PDA Foundation, New Delhi, had defaulted on returning deposits after maturity. The Government states that it was satisfied the deposits were unlikely to be returned and that the scheduled immovable properties were alleged to have been acquired from deposited money.
The Government of Tamil Nadu therefore made an ad-interim attachment under the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997.
Property and accounts covered
The attachment applies only to the assets listed in the schedule, including:
- Twenty-three dry land entries in Tamil Nadu under Patta No. 1833. The listed survey numbers include 6/1, 6/2, 6/3, 6/4, 6/7, 7/2, 7/3, 7/4, 7/5, 7/7, 7/8, 7/9, 11/4, 18/1, 18/3B, 18/4A, 18/4B, 18/4C, 18/4D, 18/4E, 18/5, 21/4B and 21/4C2. Their total stated guideline value is Rs. 32,08,590.
- A Karnataka property measuring 15,040.16 square feet in converted Survey No. 128/1 at Herohalli Village, Yeshwanthpur Hobli, Bangalore North Taluk. Its stated guideline value is Rs. 4,42,18,070.
- Twenty-five bank accounts held with several banks in the names of the financial establishments and other listed account holders. The stated combined balance is Rs. 4,65,88,231.36.
Who is affected
G.O.Ms. No. 352 directly affects the listed owners, account holders and anyone dealing with an immovable property identified in its schedule. A buyer or professional checking one of the listed survey numbers, documents or properties should note that control has been transferred to the Competent Authority and District Revenue Officer, Madurai District.
Further proceedings
The Competent Authority and District Revenue Officer, Madurai District, is directed to pursue the prescribed further action. The Special Government Pleader for the Special Court under the depositor protection law in Madurai is directed to assist with filing the required application before that court.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does G.O.Ms. No. 352 attach every property owned by these companies?
No. The ad-interim attachment applies to the immovable properties, bank accounts and other assets specifically identified in the schedule.
How can I check whether Tamil Nadu land I am considering is listed?
Compare the land records with the scheduled patta number, survey number, extent, registration document and pattadar details. The Tamil Nadu schedule contains twenty-three dry land entries under Patta No. 1833.
Who controls the attached immovable properties?
Control is transferred to the Competent Authority and District Revenue Officer, Madurai District.
Why did the Government attach these assets?
The Government received complaints that matured deposits had not been returned. It also states that the scheduled immovable properties were alleged to have been procured from deposits collected from depositors.
