Upendra Prasad Jaiswal v. Union Of India & ORS

09.01.2025 Sl. Nos.8-16 as/sdas W.P.A. 11835 of 2015 CAN 1 of 2017 (old No. CAN 5992/2017) CAN 2 of 2018 (old No. CAN 6745/2018) CAN 3 of 2019 (old No. CAN 9215/2019) CAN 4 of 2019 (old No. CAN 12619/2019) (CAN 5 of 2021) (CAN 8 of 2023) (CAN 9 of 2023) (CAN 10 of 2023) (CAN 11 of 2023) (CAN 12 of 2023) (CAN 13 of 2024) (CAN 14 of 2024) (CAN 15 of 2024) (CAN 16 of 2024) (Ham Sabhi Welfare Society & Ors. vs. Union of India & Ors.) with W.P.A. 101 of 2024 (CAN 1 of 2024) (CAN 2 of 2024) (M/s Prayag Infotech Hi-rise Ltd. & Anr. vs. State of WB & Ors.) with W.P.A. 17085 of 2018 CAN 1 of 2019 (old No. CAN 11522/2019) (CAN 2 of 2020) (CAN 3 of 2020) (Krishna Kumar & Ors. vs. Union of India & Ors.) with W.P.A. 21496 of 2018 CAN 1 of 2019 (Old No. CAN 4221 of 2019) CAN 2 of 2019 (Old No. CAN 6258 of 2019) (Upendra Prasad Jaiswal vs. Union of India & Ors.) with W.P.A. 29880 of 2015 (Durga Lok Kalyan Foundation & Anr. vs. Union of India & Ors.) with W.P.A. 3020 of 2021 (Mantu Kumar Singh @ Mantu Singha vs. State of West Bengal & Ors.)

with W.P.A. 30243 of 2015 CAN 1 of 2016 (Old No. CAN 3531 of 2016) CAN 2 of 2017 (Old No. CAN 6051 of 2017) (CAN 3 of 2023) (CAN 4 of 2024) (Haradhan Paul & Anr. vs. Union of India & Ors.) with W.P.A. 9713 of 2019 (M/s Prayag Infotech Hi-rise Ltd. & Anr. vs. State of WB & Ors.) with W.P.A. (P) 292 of 2024 (S. K. Masud vs. State of WB & Ors.) Mr. Saptangshu Basu, Sr. Adv.

Mr. Ashok Kumar Jena Mr. Abhra Jena Mr. A. Rakshit ...... for the petitioner Mr. Bikash Ranjan Bhattacharya, Sr. Adv.

Mr. Subhasis Chakraborty Mr. Arindam Das ... ... for the writ petitioner Mr. Debnath Ghosh, Sr. Adv.

Ms. P. S. Chowdhury Mr. S. Mukherjee Ms. R. Prasad ... ... for Berry Alloys Mr. Jishnu Saha, Sr. Adv.

Mr. Jishnu Chowdhury, Sr. Adv.

Mr. Sanjoy Ginodia Mr. M. K. Tewari ... ... for Captain Industries Mr. N Ahmed ... ... for the Committee Mr. Ashok Kr. Jena Mr. A Jena ... ... for Prayag Gr. of Company Mr. Tulsidas Roy ... ... for the State Mr. Pawan Gupta ....... for the applicant in CAN 3 of 2024

Mr. D. K. Kundu Mr. Arjun Basu ..... for the RBI In WPA 30243/2015 Mr. Jayanta Mitra, Sr. Adv.

Ms. Munmun Tewari Mr. Sanatan Panja ... ... for the State in WPA 11835/2015 Mr. P K Dutta Mr. S Banerjee ... ... for the SEBI Mr. Sanjib Kr. Mal Mr. Atanu Roy Choudhury Mr. P Majumder ... ... for the applicant in CAN 8 of 2023 Mr. Abhratosh Majumder Md. T M Siddique Mr. T Chakraborty Mr. S Adak ... ... for the WBIDC Mr. Amitesh Banerjee, Sr. standing Counsel Mr. Akash Dutta ... ... for respondent no. 1 & 2 in WPA 101 of 2024 Ms. Munmun Tewari Mr. Sanatan Panja ... ... for the State in WPA 11835/15 Mr. Jahar lal De Mr. Suprabhat Bhattacharya ... ... for the State in WPA 9713/19 Ms. Amrita Pandey ....... for Union of India In Re: WPA 101 of 2024 1.

Affidavit-in-opposition by respondent No.8 as well as added respondent Berry Alloys are placed on record. 2.

Copies be circulated amongst the appearing parties, if not already done.

In Re: WPA 11835 of 2015 3.

Mr.

Banerjee for SEBI submits necessary instructions are awaited from Prayag Group of Companies with regard to the structures on the land. List of registered instruments in respect of land purchased by the companies have also not been supplied.

4.

Mr. Basu, Learned Senior Advocate for the company contends that his client is not permitted to go inside the property and does not have the necessary documents. His clients have already furnished all documents in their possession.

5.

Mr. Jayanta Mitra, Learned Senior Advocate submits State would render all assistance to SEBI to get access to registered deeds with regard to the properties purchased by 'Prayag Group of Companies' in the land in question.

6.

We direct the State authorities to give inspections/copies of the relevant registered deeds to SEBI. SEBI shall make inventory of the moveable assets on as is where is basis and make a valuation of the said assets as per available records.

7.

SEBI shall file report on the next date of hearing. 8.

Let the matters appear on 13th February, 2025.

In Re: CRAN 8 of 2023 9.

Reports be peremptorily filed by the adjourned date.

10.

Let the matter appear on 20th February, 2025. (Gaurang Kanth, J.) (Joymalya Bagchi, J.)