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Calcutta High Court (Appellete Side)

The Investors & Marketing Members' ... vs Uoi & Anr on 5 October, 2023

05.10.2023
ct. 28/sdas.                    Pincon & Ors.
Sl. 74-78
                               W.P.A 24110 of 2016
                                CAN 3 of 2021
                                CAN 4 of 2022
                                CAN 5 of 2023
               The Investors & Marketing Members' Welfare Society & Ors.
                                       Vs.
                                   UOI & Anr.
                                     with
                                W.P.A 1215 of 2020
                                     with
                                W.P.A 18549 of 2017
                                  CAN 1 of 2023
                                     with
                                W.P.A 20328 of 2019
                                     with
                                W.P.A 3899 of 2019
                                     with
                                W.P.A 498 of 2018

                 Mr. Manas Dasgupta
                 Mr. Gourav Das
                                 .....for the petitioner (Pincon)
                 Mr. Ramij Munsi
                 Mr. Nishant Choudhury
                 Ms. Champa Paul
                                 .....for the petitioner in WPA 20328/19 &
                                                             WPA 3899/19
                 Mr. Subhasis Chakraborty
                 Ms. S K Singh
                                 .....for the petitioner in WPA 24110/16 &
                                                           WPA 18549/17
                 Mr. Biswabrata Basu Mallick
                 Mr. Tarak Karan
                 Mr. Sayan Datta
                                 .....for the State
                 Mr. Arka Kr. Nag
                 Mr. Tirthankar Dey
                                 .....for the High Court Admn.

                 Mr. N Ahmed
                                 .....for the Committee.
                                   2




       Mr. Prasanta Kr. Dutt
       Mr. S K Dutt
       Mr. S Banerjee
                       .....for the SEBI
       Ms. Sabita Roy
                       .....for the UOI
       Mr. Jayanta Banerjee
       Ms. M Dey Basu
                       .....for the Special Officer

                         Re : CAN 1 of 2023

   1.

Learned Advocate for the State submits report of Excise Commissioner with regard to the manner of auction of the seized liquor of M/s. PINCON Spirit Ltd. Let it be kept on record.

2. Let a copy of the report be circulated amongst the learned Advocates for the parties.

3. Let the application appear on 12.10.2023.

Re : CAN 4 of 2023 & CAN 5 of 2023

4. Learned Advocate for the applicant submits that the properties being Guest House at Premises No. 10/5, Jamini Roy Sarani, Kolkata - 700019, Hotel Premises at Plot No.19, Mini Holiday Home, Sector of Digha Development Scheme, Digha, Purba Medinipur and Office Room no.334, 3rd Floor, Premises No.1, Crooked Lane, Holding No.107, Ward No.46, Block No. XX, P.S. Hare Street, Kolkata - 700069 have been attached by economic offences. They need immediate repairs failing which there will be depreciation in value of these assets. 3

5. Mr. Biswabrata Basu Mullick, learned Advocate for EOW submits report. He contends the investigating team is not equipped to assess the requirement of repairs or to undertake the repairs. The applicant offers to repair the properties at his own risk and cost. Properties in question were attached in course of investigation of cases registered against PINCON group of companies. It is contended they require immediate repairs. EOW is unable to enlighten the court with regard to the necessity of repairs. EOW is not willing to undertake expenses on such score.

6. But the applicant is willing to undertake such expenses and ensure that the valuation of the attached properties do not go down due to lack of repairs.

7. In view of the aforesaid submissions, we direct as follows :-

a) A joint inspection of the properties in question be undertaken by the representatives of the applicants and EOW within a week to assess whether repairs are necessary;
b) EOW shall submit report on the adjourned day.

8. Matter will appear four weeks after ensuing Puja Vacation (21.12.2023).

4

Re : CAN 3 of 2021

9. Affidavit filed by the learned Registrar General is placed on record.

10. Let this application appear on 12.10.2023. (Gaurang Kanth, J. ) ( Joymalya Bagchi, J. )