New Delhi (News Report: Matiur Rehman Aziz) – While shedding light on the expectations of Heera Group investors’ money recovery, amidst legal progress, I consider it appropriate to state that the entire matter of Rs 5500 crore has been clarified between the Supreme Court and the agencies, the total number of all investors is said to be 172000. Out of which a large number, i.e. more than 80%, are on the Heera Group platform, while less than 20% have taken the path of agencies and courts. In the meantime, it will also be important to note that just as Heera Group is not required to pay the full amount of the people who go to the agencies, similarly it is also clear that amidst the most difficult and expensive legal proceedings, the company CEO, Dr. Nowhera Sheikh, has returned hundreds of crores of rupees to thousands of investors. Among the complainants, the company claims that the amount of money transferred to the agencies is going to be reduced to Rs 50 crore, while the agencies have exaggerated their claim and stated that it is Rs 500 crore. Contrary to the claim of the agencies, the claim of the Heera Group of Companies seems to be strong because the agencies of the country always exaggerate matters to make their work bigger, and it is also a fact that the demands of the investors who go to the agencies’ platform against the company remain only for the amount that they have not yet received, but the complainants have earned as profit during the period of the company’s operation.
Everyone associated with the Heera Group of Companies knows very well that the ED and SFIO are illegally and unfairly auctioning the company’s properties, although it is also a fact that the trial against the Heera Group of Companies has not even started yet. Thus, the time for the investors who are sitting patiently on the Heera Group platform to get their money is limited, and they will start getting their deposits in a short time. However, the ED (Enforcement Directorate), which works under the influence of the Ministry of Finance, will act for the benefit of its ministry by auctioning the Heera Group’s properties and depositing the money, and will be dismissed leaving the investors with no court cases. Those investors will also be able to approach the court when the ED auctions all the properties and files a charge sheet and charges the company. And if no charges are filed against the Heera Group of Companies, as has not been done yet, then Those investors who have chosen the agency route will always be stuck forever because the investors will have to prove the allegations made against the company in the trial case, otherwise, to compensate for the defamation and losses caused to the company, Heera Group will file a counter FIR against these investors to present compensation for the losses we have suffered and the bad image of the company, just like Hyderabad MP Asad Owaisi filed an FIR to investigate the Heera Group and after a series of defeats, he was defeated in the lower courts as well and has now been dragged to the Supreme Court. Asad Owaisi is still stuck in his own case. The case filed by Asad Owaisi has become a noose around his neck, from which it is no longer a matter of his own to get out. If we look at it, it is possible that the ED has seized several properties of the Heera Group and started the process of auctioning them. The auction is being conducted by the ED under the PMLA, which aims to compensate investors for their losses by selling assets allegedly acquired illegally. However, there are several complications in the process, the ED deposits the proceeds from the auction with the Ministry of Finance. Investors then have to approach the courts to get their funds back. This is a lengthy process that can prove frustrating for investors. Until the ED files a chargesheet and charges are filed against the Heera Group, it is difficult for investors to make a legal claim to get their deposits back. If the allegations against the Heera Group are not proven, the legality of the claims of the complaining investors may be weakened. Asad Owaisi had filed an FIR against the Heera Group. However, this case has become a problem for him. From the lower courts to the Supreme Court, Owaisi’s case is in an indecisive state, and if the allegations against the Heera Group are not proven, he may be caught in legal complications. This example is also a lesson for other investors that strong evidence is needed before initiating legal action against Heera Group. If the allegations against Heera Group are not proven, in that case, the company may be in a position to return the deposits to the investors on its platform. However, investors who approach the agencies may have to fight a long battle in the courts to prove their claims.
Heera Group Investors’ Way to Get Money Potential Progress and Prospects Amidst Legal Proceedings
