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On 03.12.2021 while admitting this petition, this Court passed the following order:-

“This Criminal Original Petition has been filed to quash the proceedings in C.C.No.11 of 2015, on the file of the Special Court, TNPID, Coimbatore.

2.The learned counsel for the petitioner submitted that in this case, totally 75 innocent depositors have deposited their hard earned money to the tune of Rs.41,23,420/- with the petitioners/A1 to A5 and thereafter, the money was not repaid. He further submitted that the Official Liquidator had taken over the assets of the 1st petitioner company viz., M/s.Achievers Agri India Private Limited, Denkanikottai, Krishnagiri as per order of this Court, dated 21.04.2015 in C.P.No.54 of 2015 initiated by the petitioners. The Official Liquidator has initially taken over the possession of the 1st petitioner company https://www.mhc.tn.gov.in/judis including three schools and further steps have been taken for revaluation of both the schools at Hosur and Dharmapuri by ITCOT. Around 4,439 claims were received from the depositors/creditors of the company in provisional liquidation. Periodically, the official liquidator had approached this Court and taken steps to liquidate the property of the 1st petitioner company. Finally, one of the immovable property situated at Sungarahalli Village, Sillarahalli Post, Pappireddipatti Taluk, Dharmapuri District of the 1st petitioner company was brought for sale. The sale notice was published and the upset priced fixed for the property is to the tune of Rs.6.40 Crores.