T. Devanathan Yadav. File photo: Special arrangement
To maintain a financial in prison for years, that even after sealing their shopping premises does not have to help in obtaining fees owed to deposits, the Madras High Court observed on Monday (September 1525) and awarded the T. Devanathan Yadav bail for Mobilization 619 Crore (MHHPfniming Nidhi).
Justice G. Jayacandran granted provisional relief on condition that the petitioner must first mobilize 100 GBP Crore himself and put it in a special court in cases reserved under the Tamil Nadu Protection Act (in financial facilities) of 1997.
After the deposit, the petitioner must voluntarily give up before the Special Court 31. October 2025, and he must reinstate it in custody. Furthermore, in the continuous bail period, the buyer must find for 76 real estate, which he appreciated at 633.97 GBP Crore and submit to a special court.
After the petitioner served as the CEO of MHPFNL, these 76 real estate real estate said in an affidavit submitted through the head of the STS Moorthy advisor. However, another prosecutor E. Raj Thilak questioned the award of these properties, as the petitioner claimed, claiming that their total value was only 36.91 crore.
Justice, which will be clarified, must only come up with the petition for the liquidation of these assets, Judge Jayacandran said that there should be no sale without the consent of the special court and the consent of the prosecution. He also warned the petitioner against creating any other type of load with regard to the properties without a nodding of a special court.
The judge also ordered the petitioner who was imprisoned from August 13, 2024 to carry out a bond for 10 lakh, along with two guarantees for similarity and also gave up his passport before a special court using the benefits of a provisional deposit. Every Monday to October 30, 2025, he was also ordered to appear before a special judgment.
The Special Court has been authorized to receive the relevant orders if the petitioner violates any of the provisional conditions of the deposit imposed by the High Court. Judge Jaychandran stated that the decision to grant a regular deposit would only be taken after considering the petitioner’s bonafid in honor of his obligation before the court that he is also interested in the settlement of depositors.
Mr Murty told the court that his client would first settle the deposits that ripened and then settled other deposits as soon as they reached the maturity period without imposing new conditions. The judge ordered the High Court register to re -put the petition on 31 October 2025 for bail for assessing the situation and passing on other orders.
The orders were handed over after hearing the lawyer NGR Prasad, who, with the assistance of R. Thiroorty, for investors from the Hindu Fund Mylapore and the Association for Social Security. The court was informed that the deposits of the 300 crore melody had already ripened and repaid.
Published – 15 September 2025 21:48
