WP No. 35316 of 2024 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 15-09-2025 CORAM THE HONOURABLE MR JUSTICE N. SATHISH KUMAR WP No. 35316 of 2024 Mylapore Hindu Permanent Fund Investors And Depositors Welfare Association(regd), Represented By Its Authorized Representative/ President: M.Sathish Kumaar, S/o.Late R.Muthu Krishnan, Block No. 2, Flat No 4, Orchid Balaganapathi, Enclave, No. 131/1, Kutchery Road, Mylapore, Chennai -600 004. Petitioner(s) Vs 1. The State Rep By Principal Secretary, Home Department, Secretariat, Government Of Tamil Nadu, Fort St. George, Chennai -600 009. 2.The State Rep By, The Inspector Of Police, Economic Offences Wing, Head Quarters, Chennai. 1/15 https://www.mhc.tn.gov.in/judis WP No. 35316 of 2024 3.The Competent Authority, Under TNPID, O/o.The Additional Commissioner, Land Administration, Chepauk, Chennai -600 005. 4.The Mylapore Hindu Permanent Fund Nidhi Ltd, Chennai -600 004. 5.Devananthan, S/o. Thiruvengadam, 6.R.Gunaseelan, S/o.Rangabashiam, 7.D.Magimainathan, S/o. Devarajan, 8. Mylapore Fund Aggrieved Depositors Association, rep. By its Joint Secretary, Harisudha, S/o.Vedachalam Flat No.2B, Srivari Apartment, 18, Abdul Razak Street, Saidapet, Chennai 600 015 (8 th respondent is impleaded as per order of this Court made in WMP No.381 of 2025, dated 15.09.2025.) Respondent(s) 2/15 https://www.mhc.tn.gov.in/judis WP No. 35316 of 2024 PRAYER This Writ Petition has been filed to issue a writ of mandamus directing the first respondent to consider the representation of the petitioner dated 18.10.2024, requesting for ad-interim attachment of the properties under Section 3 of the TNPID Act, 1997 held by the Mylaproe Hindu Permanent Nidhi Ltd, Chennai, its managing Director and other persons involved in the default of payment to the depositors and transfer the control over the said money and property to the competent Authority under 4 of the TNPID Act, 1997 For Petitioner(s): Mr. A.Ashwinkumar For Respondent(s): Mr. K.M.D. Muhilan, Additional Public Prosecutor, for R1 To R3 Mr. N.Manokaran, for M/s. P.K. Vasuki, For R4 & R5 M/s. R. Mitesh For R6 M/s. A. Muthu Kumar, For R7 3/15 https://www.mhc.tn.gov.in/judis WP No. 35316 of 2024 Mr. R. Thirumoorthy, for R8 ORDER This writ petition has been filed seeking a direction to the first respondent to consider the representation of the petitioner dated 18.10.2025, requesting for ad interim attachment of the properties under Section 3 of TNPID Act 1997. 2. The 8 th respondent, Nithi Limited, is a mutual benefit society established with the object of encouraging savings among its members and providing loans based on member deposits for over 150 years. In the year 2017, the 5 th respondent assumed position of Managing Director, along with certain other members, including the 6 th and 7th respondents, who had joined the management in 2015. They assured the depositors a high rate of interest, and relying on such assurances and the long standing name of the society, several depositors invested around a sum of Rs.600 Crores through various cumulative fixed deposit and recurring deposit schemes. 4/15 https://www.mhc.tn.gov.in/judis WP No. 35316 of 2024 3. However, from February 2024, the company ceased giving interest and disbursing the matured payments on the deposited amounts. Consequently, the petitioner association members and depositors sought return of their matured invested principal and accrued interest from the respondents 5 to 7, for which they had also issued post dated cheques. When the same were presented for collection, they were returned as “insufficient funds”. Hence, a case in crime no.14 of 2024 has been registered by the Economic Offences Wing. Though the petitioner association had given a representation on 08.10.2024 to the first respondent under Section 3 of the TNPID Act,1997, seeking attachment of the properties of the Company and its directors, no action has been taken so far. 4. The grievance of the petitioner is that only a few properties have been attached, though they have identified 77 properties. However no action has been taken with respect to the remaining properties. 5/15 https://www.mhc.tn.gov.in/judis WP No. 35316 of 2024 5. Pursuant to the same, earlier, this Court directed the second respondent to file a detailed report as to the nature of the action taken so far and whether adequate infrastructure has been provided to investigate such a large-scale of offence. The second respondent was also directed to identify all the immovable properties of the company and make necessary proposal to the Government for interim attachment of the said properties. 6. Today, a Status Report has been filed by one Mr.S.Seetharam, Deputy Superintendent of Police, Economic Offences Wing, Chennai. 7. I have heard both sides and perused the materials available on records carefully. 8. On perusal of the Status report, it is seen that out of 77 listed properties, proposal for 25 properties have been sent to the Government for approval. The list of attachment orders made has also been detailed in the said status report, which is extracted herein:- 6/15 https://www.mhc.tn.gov.in/judis WP No. 35316 of 2024 1. “ Details of the properties in the list provided , in which proposal sent for Ad-Interim attachment on 22.08.2025-yet to be received order for attachment. S. N o Document No. Property Address and Location Details of property owner Extent Guide Line Value Acre/sq. ft rate Total Remarks 1 2034/2005 Agricultural land in Kottuvakkam village (nallamur revenue village, madurantakkam taluk, Kanchipuram district in Sy No.8/4A part & present 8/4 A1 with extent of 3 acre 41 cents. SRO. Cheyyur Devanathan Yadav 3.41 Acre 700100 per Acre 2387341 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 2 669/2018 Agricultural land in s no.101/2A in koppur, marukkanchery village of thiruvallur taluk thiruvalur dis. of extent of 6A-75 cents. SRO Manavalanallur Devanathan Yadav 6.75 cent 65000 per one cent 4387500 0 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 3 1423/2019 dt: 06.06.2019 Agricultural land in sy no.115/1E with extent of 51 cents (or 22216 sq.ft( in Panaiyur village (near ECR road) of Kanchipuram Dist SRO, Cheyyur Devanathan Yadav 51 cents 252 sq.ft 5577768 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 4 Doc No. 382/2020 dt: 31.01.2020 Agricultural land in sy no. 14/5, 14/6A, 14/6B, 18/2 and 18/3 with extent 5 acre 16.5 cents in Thiruthalaiyur SRO Musiri Devanathan Yadav 4.165 500100 per acre 2583017 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For 7/15 https://www.mhc.tn.gov.in/judis WP No. 35316 of 2024 S. N o Document No. Property Address and Location Details of property owner Extent Guide Line Value Acre/sq. ft rate Total Remarks ad-interim attachment. 5 272/2021 dt: 21.01.2021 Agricultural land in sy no.76/2 in Salavathy Village of Tindivanam Taluk (presently the property has become non agricultural land property abutting national highway) Avarapakkam SRO Devanathan Yadav 11 cents 950000 per acre 104500 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 6 272/2021 dt: 21.01.2021 Agricultural land in sy no.76/3 in Salavathy Village of Tindivanam Taluk (presently the property has become non agricultural land property abutting national highway) Avarapakkam SRO Devanathan Yadav 13 cents 950000 per acre 123500 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 7 272/2021 dt: 21.01.2021 Agricultural land in sy no.76/9A in Salavathy Village of Tindivanam Taluk (presently the property has become non agricultural land property abutting national highway) Avarapakkam SRO Devanathan Yadav 23 cents 85000 per acre 195500 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 8 4524/2022 dt: 01.12.2022 Agricultural land (presently non agricultural land) in Fanichamedu Village, Marakkanam Taluk, Villupuram Dist in sy no.12/6 and 12/3A with 33 cents. Marakannam SRO Devanathan Yadav 33 cents 2500000 per acre 825000 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 8/15 https://www.mhc.tn.gov.in/judis WP No. 35316 of 2024 S. N o Document No. Property Address and Location Details of property owner Extent Guide Line Value Acre/sq. ft rate Total Remarks 9 4524/2022, dt: 01.12.2022 Agricultural land (presently non agricultural land) in Fanichamedu Village, Marakkanam Taluk, Villupuram Dist in sy no.12/6 and 12/3A with 16 cents. Marakannam SRO Devanathan Yadav 16 cents 2500000 per acre 400000 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 10 4526/2022 Agricultural land (presently non agricultural land) in Fanichamedu Village, Marakkanam Taluk, Villupuram Dist in sy no.10/4 B with 20 cents. Marakannam SRO Devanathan Yadav 20.0 cents 1700000 per acre 3040000 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 11 4526/2022 Agricultural land (presently non agricultural land) in Fanichamedu Village, Marakkanam Taluk, Villupuram Dist in sy no.11/1 with 13 cents. Marakannam SRO Devanathan Yadav 13.0 cents 126 per sq.ft 712530 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 12 Conveyance deed non Metro IUA doc no.1133/2017 dt: 09.05.2017 Residential flat No.H2 ground floor with Super Build area of 720 sq.ft. And undivided share of land of 350 sq.ft. New door no.15/45 old no.7 block no.119 sy no.027 and T.S.No.7215 araravathi street( earlier Griffithroad) thiyagaraya nagar, Chennai 600 017 Thiyagaraya SRO Meenatchi Yadav 350 sq.ft (UDS + Building value- Rs.6,79,96 3) 9900 per sq.ft 4144963 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 13 Conveyance Residential flat No.H4 Meenatchi 350 sq.ft. 9900 4144963 2 nd proposal 9/15 https://www.mhc.tn.gov.in/judis WP No. 35316 of 2024 S. N o Document No. Property Address and Location Details of property owner Extent Guide Line Value Acre/sq. ft rate Total Remarks deed non METRO UA doc no.1230/2017 dt:22.05.2017 first floor with Super Build area of 720 sq.ft. And undivided share of land of 350 sq.ft. New door no15/45 old no.7 block no.119 sy no.027 and T.S.No. 7215 araravathi aparments maharajapuram Santhaam street ( earlier Griffith road) thiyagaraya nagar, Chennai 600 017 Thiyagaraya SRO Yadav (UDS + Building value- Rs.6,79,96 3) per sq.ft sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 14 Conveyance deed/Metro Ua 17.04.2017 doc no.958/2017 Apt no.H5 Second floor amaravathy apartments new no.15/45 old no.7 maharajapuram Santhanam street (old Griffith road), Tnagar, Chennai 600 017 Thiyagaraya Nagar SRO Devanathan yadav 350 sq.ft (UDS +Building value Rs.6,79,96 3) 9900 per sq.ft 4144963 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 15 Conveyance deed/METR UA 17.04.2017 doc no.959/2017 Apt no.H6 Second floor amaravathy apartments new no.15/45 old no.7 maharajapuramm Santhanam street (old Griffith road), Tnagar, Chennai 600 017 Thiyagaraya Nagar SRO Devanathan yadav 350 sq.ft (UDS +Building value Rs.6,79,96 3) 9900 per sq.ft 4144963 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 16 Conveyance deed/METR UA 17.04.2017 doc no.960/2017 Apt no.H1 Second floor amaravathy apartments new no.15/45 old no.7 maharajapuramm Santhanam street (old Griffith road), Tnagar, Chennai 600 Devanathan yadav 350 sq.ft (UDS +Building value Rs.6,79,96 3) 9900 per sq.ft 4144963 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim 10/15 https://www.mhc.tn.gov.in/judis WP No. 35316 of 2024 S. N o Document No. Property Address and Location Details of property owner Extent Guide Line Value Acre/sq. ft rate Total Remarks 017 Thiyagaraya Nagar SRO attachment. 17 Conveyance deed non metro UA Doc No.2082/2012 dt:18.11.2012 Agricultural land sy no.638/2 774/6 and 781/3 in poovani village kadambur srivaigunadam taluk, Thoothukudi dist. SRO Kadambur Sudhir Sankar on behalf of Deva mines 10.35 cents 200000 per acre 2070000 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 18 Conveyance deed non metro UA Doc No.2227/2013 dt:26.11.2013 Agricultural land sy no.775/3 776/2 and 749/3 in poovani village kadambur srivaigunadam taluk, Thoothukudi dist. SRO Kadambur M/s. Deva mines Pvt Ltd by Thyagaraja n 7.44 cents 200000 per acre 1488000 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 19 Conveyance deed non metro UA Doc No.2228/2013 dt:26.11.2013 Agricultural land sy no.582/6, 615/3 and 660/5 in poovani village kadambur srivaigunadam taluk, Thoothukudi dist. Kadambur SRO M/s. Deva mines Pvt Ltd by Thyagaraja n 3.93 cents 200000 per acre 786000 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 20 Conveyance deed non metro UA Doc No.2229/2013 dt:26.11.2013 Agricultural land sy no in poovani village kadambur srivaigunadam taluk, Thoothukudi dist. Kadambur SRO M/s. Deva mines Pvt Ltd by Thyagaraja n 2.68 cents 200000 per acre 536000 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 21 Conveyance deed non metro UA Doc Agricultural land sy no 567/3A in poovani village kadambur srivaigunadam taluk, Thyagaraja n behalf of Deva Mines 96 cents 200000 per acre 192000 2 nd proposal sent on 22.08.2025 and yet to 11/15 https://www.mhc.tn.gov.in/judis WP No. 35316 of 2024 S. N o Document No. Property Address and Location Details of property owner Extent Guide Line Value Acre/sq. ft rate Total Remarks No.2230/2013 dt:26.11.2013 Thoothukudi dist. Kadambur SRO receive G.O. For ad-interim attachment. 22 Conveyance deed non metro UA Doc No.1003/2006 dt:10.04.2006 Agricultural land of extent 5 acre 62 cents pertaining to sy no.115 in Pandrimalai village Reddiyar Chathram, Kannivadi Sub division, Dindugaldist. SRO Kannivadi Chennai Deva investments & Finance (India) Pvt. Ltd., 5.65 cents 200000 per acre 1130000 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 23 Conveyance deed non metro UA Doc No.1004/2006 dt:10.04.2006 Agricultural land of extent 5 acre 35 cents pertaining to sy no.116/2 in Pandrimalai village Reddiyar Chathram, Kannivadi Sub division, Dindugal dist. SRO Kannivadi Chennai Deva investments & Finance (India) Pvt. Ltd., 5.35 cents 200000 per acre 1070000 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 24 Conveyance deed non metro UA Doc No.1005/2006 dt:10.04.2006 Agricultural land of extent 7 acre 15 cents pertaining to sy no.114/1 and 114/2 in Pandrimalai village Reddiyar Chathram, Kannivadi Sub division, Dindugal dist. SRO Kannivadi Chennai Deva investments & Finance (India) Pvt. Ltd., 15.29 acre 200000 per acre 3058000 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 25 Conveyance deed non metro UA Doc No.1006/2006 dt:10.04.2006 Agricultural land of extent 7 acre 15 cents pertaining to sy no.116/1 in Pandrimalai village Reddiyar Chathram, Kannivadi Sub division, Dindugal dist. SRO Kannivadi Chennai Deva investments & Finance (India) Pvt. Ltd., 5.35 acre 200000 per acre 1070000 2 nd proposal sent on 22.08.2025 and yet to receive G.O. For ad-interim attachment. 12/15 https://www.mhc.tn.gov.in/judis WP No. 35316 of 2024 9. Further, in the said report, it is also stated that out of 77 listed properties, 5 properties could not be attached as they are under encumbrance and the remaining 47 properties are under scrutiny. Necessary action will be taken in accordance with law. 10. The learned Additional Public Prosecutor submit that steps have already been taken to conduct the said forensic audit. 11. Considering the submission and also taking note of the Status Report, let the second respondent pursue the identification of the remaining properties and take necessary steps to send proposals for ad interim attachment of the same by the Government. 12. The Investigating officer is also directed to take note of the nature of the huge deposits involved and if necessary, to conduct a forensic audit of the accounts and financial transactions of the company. 13/15 https://www.mhc.tn.gov.in/judis WP No. 35316 of 2024 13. With the above observations and directions, this Writ Petition is disposed of. 15-09-2025 2/2 Neutral Citation:Yes/No mrp To 1. The Principal Secretary, Home Department, Secretariat, Government Of Tamil Nadu, Fort St. George, Chennai -600 009. 2. The Inspector Of Police, Economic Offences Wing, Head Quarters, Chennai. 3.The Competent Authority, Under TNPID, O/o.The Additional Commissioner, Land Administration, Chepauk, Chennai -600 005. 14/15 https://www.mhc.tn.gov.in/judis WP No. 35316 of 2024 N.SATHISH KUMAR J. mrp WP No. 35316 of 2024 15-09-2025 15/15 https://www.mhc.tn.gov.in/judis