Please find the order (on this link) of the Madras High Court, in the aforesaid matter against Helios and Matheson Information Technology Ltd.
Please note that as on date a sum of INR 15.29 cr. has been deposited by Helios and Matheson Information Technology Ltd.
The High Court has indicated that it would start disbursing this amount to the depositors on a pro-rata basis. However, the disbursement authority has not been designated, to our best knowledge, as of now. However, it is likely that the said individual could be someone from the Economic Offences Wing department, or the District Revenue Officer, Chennai.
In the interim, we would advise all depositors to send letters to the EOW along with photocopies of the deposits (preferably notarized/attested true copies) requesting the EOW to acknowledge and add their names to the list of deposit holders to whom money has to be repaid. The said letters should be sent by email and RPAD (Registered Post Acknowledgment Due) to keep proof of service of the same on EOW.
I also note that several depositors are continuously writing to me as a matter of right, stating that they are not represented by me/my advocates before the Madras High Court. I do not know where this notion has come in. I have never said that I will represent the depositors legally. I have not taken any money from any of the depositors and have only collected information and shared the same free of cost. I have always asked each depositor to either stand up and fight individually or form an association and fight collectively. I have directed individual depositors to Whatsapp Groups and Associations, so that they could fight collectively. Several depositors have formed associations and are fighting legal battle against the company. Several individual depositors have filed cases in their individual capacity and I salute such independent depositors and associations! Rather than sit at home, they are actually doing something about recovering their money. Please stand up and fight alongside, and don't think for one moment that this blog is something where you can get information and your money back by sitting at home!
I also note that several depositors are continuously writing to me as a matter of right, stating that they are not represented by me/my advocates before the Madras High Court. I do not know where this notion has come in. I have never said that I will represent the depositors legally. I have not taken any money from any of the depositors and have only collected information and shared the same free of cost. I have always asked each depositor to either stand up and fight individually or form an association and fight collectively. I have directed individual depositors to Whatsapp Groups and Associations, so that they could fight collectively. Several depositors have formed associations and are fighting legal battle against the company. Several individual depositors have filed cases in their individual capacity and I salute such independent depositors and associations! Rather than sit at home, they are actually doing something about recovering their money. Please stand up and fight alongside, and don't think for one moment that this blog is something where you can get information and your money back by sitting at home!
