Pacl Limited vs State Of Kerala on 21 March, 2016
Author: B.Kemal Pasha
Bench: B.Kemal Pasha
IN THE HIGH COURT OF KERALA ... CHAITHRA, 1938
WP(C).No. 10651 of 2013 (F)
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PETITIONER:
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PACL LIMITED,
THROUGH ITS MANAGING DIRECTOR, REG.OFFICE AT 22,
3RD FLOOR, AMBER TOWER, SANSAR
acused who
are the promoters of Pearls Agro-tech Corporation India Ltd (PACL)
assembled at Saradha Krishna Ayer Auditorium, Thalassery, Kerala
State for accepting deposits ... case in vignette is that the accused company "PACL Ltd" has
been collecting deposits from the public offering exorbitant interest
and was giving
respect of any claim or related matter(s)
pertaining to PACL Ltd. and/or its Directors
Promoters/Group Companies /entities /individuals etc.,
arraying therein ... Justice (Retd.) R. M. Lodha Committee (in the matter of
PACL Ltd.), and/or its Chairman and/or its Members
and/or the Securities
that the
complainant was working as Estate Organiser in Pearls India
Limited (PACL) and the 1st accused, Smt.Biji Anilkumar was
transacting as Managing Adviser ... agency by name
B.M.Agencies, dealing with direct sale of BSNL products. It is
alleged that the 1st accused, Smt.Biji Anilkumar had made
LIST OF THE ALLEGED
COMPANY IN WHICH THE PETITIONERS WERE WORKING IN (PACL)
ANNEXURE A5- A TRUE COPY OF THE REMAND APPLICATION AND REPORT
SUBMITTED ... institution named PACL Ltd. and amassed huge amounts,
by inducing various members of the public to part with huge
amounts, by offering attractive commissions
husband had deposited
money in Pearls Agro tech Corporation Ltd.(PACL Ltd), a
private financial institution, which has been managed
and administered by the accused
later revealed that the petitioners herein are
the canvassing agents of PACL India Ltd., a Company
having its business interests in the State of Kerala ... learned Magistrate incorporating Section 420 of the IPC. On
1.4.2017, PACL India Ltd was arrayed as the 1 st accused,
and its Chairman, Directors
AGED 35 YEARS,
S/O. ABRAHAM THOMAS, MANAGER, CUSTOMER SERVICE CENTRE,
PACL LTD., OPP.NEW BUS STAND, KASARGOD
BY ADVS.SRI.S.RAJEEV ... under challenge.
2. The Branch Managers of a company named PACL Ltd.
are the petitioners herein. The allegation against the petitioners
is that they have
driving job. He
is only a commission agent in PACL Pvt.Ltd. Moreover, he has to look
after his second wife and two children ... begetting two children, and
for taking up a job in PACL Pvt. Ltd. etc. etc. Moreover, he admitted that
he was constructing a house
Retd.) RM Lodha Committee.
3. A company named Pearls Agrotech Corporation
Limited (PACL) was instrumental in a Scam. Huge amounts of
public funds were amassed ... TRUE PHOTOCOPY OF THE RENEWAL
SUBSCRIPTION RECEIPT ISSUED BY PACL
INDIA LTD IN THE NAME OF ARIFA BEEVI
M, DATED 31.10.2008
Exhibit P3 A TRUE
