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Tower Infotech SEBI Dispute: Calcutta HC Orders Release of Deposit to Committee

Case Law Details

TaxGuru Citation
2026 taxguru.in 8795
Case Name
Tower Infotech Limited & Anr. Vs Union of India and Ors. (Calcutta High Court)
Date of Judgement/Order
Only available for paid members
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Tower Infotech Limited & Anr. Vs Union of India and Ors. (Calcutta High Court)

The Calcutta High Court took on record the report of the One Man Committee and directed that it be circulated to all necessary parties. The report of the Registrar, Original Side was also kept on record. Referring to an order dated 12 June 2018 passed by Justice Aniruddha Bose and Justice Joymalya Bagchi, the Court noted that the Registrar, Original Side had been directed to transfer ₹1,38,58,686 along with the interest generated thereon from the fixed deposit to the One Man Committee in respect of Tower Infotech Limited.

The Court requested the Registrar, Original Side to transfer the said amount with accrued interest to the One Man Committee at the earliest and to file a report on the next date of hearing. The matter was directed to be listed on 30 July 2026. In WPA 20207 of 2025, the petitioner’s request to withdraw the writ petition was allowed, and the writ petition was dismissed as withdrawn. The petitioner’s written instruction was taken on record.

FULL TEXT OF THE JUDGMENT/ORDER OF CALCUTTA HIGH COURT

Report filed by the One Man Committee is taken on record.

Let the report be circulated upon all the necessary parties.

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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 19,707

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