The Mumbai High Court yesterday directed that all the 133 companies of the CRB group, which received Rs 550 crore from parent company CRB Capital Markets, be made party respondents to the petition filed by the Investors Grievances Forum seeking a probe into the scam.
Considering the list of 133 companies submitted by the official liquidator, Chief Justice M B Shah and Justice A B Palkar directed that all the CRB group companies be joined as respondents within 15 days.
The bench also ordered that a copy of the list submitted by the official liquidator be made available to the petitioner.
Investors Grievances Forum president Kirit Somaiya pleaded that the accounts and assets of all the 133 group companies be frozen because the parent company had siphoned off a whopping Rs 550 crore through the group companies.