(iii) Companies in the Shriram Group: A repayment plan submitted by the directors of the company is presently being considered in the Supreme Court. The implementation of the repayment plan has already been recommended by the Central Bank, subject to certain amendments.
(iv) Sakvithi House Construction (Pvt.) Ltd: Investigations are in progress to identify the assets of the company. Once the assets are identified, action will follow. Critics have said most people were driven towards unregulated institutions due to loose monetary policies from 2004 to 2007.
But investors in several unregulated firms also did not pay taxes like other law abiding citizens who deposited in regulated firms