The SC Division Bench ruled on November 10 regarding the review of judgements, as reported by SFIO. “FSL Lab is concerned because, despite the story being almost four years old, the report has not yet arrived,” the SC Division Bench said. The petitioners (SFIO) claim that some of the difficulties brought up by the tax expert are related to the falsification of the confiscation of computers by the FSL lab. As a result, SFIO brings up the subject once more.
Investors were reassured by Dr. Nowhera Shaik’s declaration that conflicts will be settled more promptly. One of the 87 properties was found to have a worth of $800 billion. This is supposed to meet all claims.
Reassuring of business model
Dr. Nowhera Shaik claims that the Heera Group has always followed an interest-free business model. Further, she continued by stating that the Tolichowki, Hyderabad offer aims to maintain investors’ confidence.
In order to protect investors’ interests in connection with claims totaling about Rs 400 crores, Heera Group has given the SC information worth Rs 641 crores. In response to the momentous ruling issued in the first week of December, Heera Group CEO Dr. Nowhera Shaik said, “It is nothing, but pure Heera and we are finally vindicated.”
The updated verdicts
The petitioners say once more that they are unconcerned as long as any of the 87 related properties are sold in the open market at a fair price. Well, it should take place in accordance with the Supreme Court order from earlier that day, March 24, 2022, and they will also assist the SFIO in that process.
The Supreme Court ruled on Friday that the Enforcement Directorates’ attachment to the assets of the well-known Heera Group might be lifted (ED). The seizure of movable and immovable property valued at Rs. 78.63 crores were announced by the Enforcement Directorate (ED) on Wednesday in connection with an investigation that went against Dr. Nowhera Shaik.
