The expert committee, headed by retired judge of Delhi High Court Justice H K Anand, has sought a direction whether it can also probe the assets, liabilities and sources of funds of the 133 companies of the CRB group.

Taking the report on record, Chief Justice M B Shah and Justice Y S Jahagirdar adjourned to August 12 the petition filed by Investors Grievance Forum seeking action against regulatory bodies such as Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI) for their laxity leading to the multi-crore scam.

RBI counsel, Dhananjay Chandrachud, said since Delhi High Court was seized of the matter, there was no likelihood of any orders being passed over there regarding defreezing of bank accounts of 133 associate companies of the CRB group. Even if suchorders were passed, the ruling of the Mumbai High Court would protect the interests of the petitioner.

This prompted the Chief Justice to remark that even if the Delhi High Court was not inclined to order investigation into the funds of 133 satellite companies of CRB group, the Mumbai High Court may do so in this matter.

Counsel for CRB group chairman C R Bhansali, contended that a scheme had been proposed to repay the money of small investors, but the counsel did not specify it.