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Wednesday, May 28 1997

CRB office in Delhi sealed

PRESS TRUST OF INDIA

NEW DELHI, May 27: The official liquidator of the Delhi high court has sealed the office of CRB Capital Markets Ltd, which is alleged to be involved in a financial fraud worth hundreds of crores of rupees.The Delhi office was sealed within hours of the Delhi high court appointing a provisional liquidator on May 22 to take over the assets of the CRB Caps, official sources said.

Justice M K Sharma, acting on a winding up petition filed by the RBI, had also restrained the directors, servants and agents of the company from disposing of the company assets in any manner.

Copyright © 1997 Indian Express Newspapers (Bombay) Ltd.

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