Excelsior Correspondent
JAMMU, Mar 10: The Finance Department today ordered attachment of properties of M/s Vikrant Financial Corporation, Rajouri, which has turned defaulter and refused to refund the deposited amounts of the depositors.
The attached properties, including residential houses, land, shops etc in Rajouri have been transferred to the superintendence of Additional District Magistrate Rajouri, who was appointed Competent Authority to exercise control over the same.
The action in this regard was taken under Section 3 of J&K Protection of Interest of Depositors (in Financial Establishments) Act 2012.
It may be recalled that an FIR under section 420, 406, 49, 467, 468, 471, 201, 120-B RPC was already registered against the partners of M/s Vikrant Financial Corporation Rajouri at Police Station Crime Branch Jammu after the company turned defaulter in 2015. After investigations, a charge sheet was produced in the court of Chief Judicial Magistrate, Rajouri, which is reportedly subjudice in the Court of Additional Sessions Judge Rajouri.
Meanwhile, there was another complaint filed by one Kuldeep Raj of village Mehataka, Kalakote and 12 others before the Deputy Commissioner Rajouri in terms of Section 4 of J&K Protection of Interest of Depositors (in Financial Establishments) Act 2012 against partners of M/s Vikrant Financial Corporation. The matter was examined in the Home Department and it was observed that there were enough grounds for proceeding against the defaulting firms in terms of Section 3 of the said Act.
The attached properties were owned by M/s Vikrant Financial Corporation’s partners namely Kewal Koul, Kamal Kant Gupta, Ashwani Kumar Sharma and Rakesh Kumar Gupta.
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