LAWS(DLH)-2013-11-48

SAYED MOHD. MASOOD Vs. UNION OF INDIA

Decided On November 11, 2013
Sayed Mohd. Masood Appellant
V/S
UNION OF INDIA Respondents

JUDGEMENT

(1.) PRESENT writ petition has been filed by the petitioner seeking the following reliefs: -

(2.) AT the outset, respondent No.1 -UOI had raised a preliminary objection with respect to the jurisdiction of this Court to entertain the present petition on the ground that no cause of action had accrued within the territorial jurisdiction of this Court.

(3.) THE relevant facts as can be culled out from the present petition and the documents annexed are that petitioner was the Chairman and Director of M/s. City Limouzines (India) Ltd. and also of at least ten other City Group of companies. In 2002, M/s. City Limouzines (India) Ltd. launched an investment scheme by the name of 'Go -Vehicle on rental basis and earning by sitting at home' whereby investments were invited from general public assuring high returns. Similar schemes were also floated by the other companies belonging to the City Group.