The committee, comprising of Sushama Rale, Col Jasbir Singh, advocate Netraprakash Bhog and Captain Moolchandani, was constituted at a meeting of investors on Monday evening. The meeting was attended by over 90 investors.

The action committee has been assigned to assess the complaints of the investors and to take appropriate action for helping them to get their money back. Bhog said the committee was considering the possibility of taking legal action against the Anubhav Group as per the provisions made under section 138 of Negotiable Instrument Act as the checks issued by it to some investors had been dishonoured by the banks. The investors may move the Company Law Board, Chennai and the Consumer Redressal Forum. The probability of lodging a criminal case against the NBFC officials was also being contemplated, he added.