• you are here
  • Home
  • HC opens tenders for sale of AgriGold properties

HC opens tenders for sale of AgriGold properties

[Date: 30 Dec 2016 ] Country : India

The High Court in Hyderabad on Tuesday listed out the properties for which there were multiple bids and ready to be auctioned for recovery of amounts due to depositors from the AgriGold company.

The two-judge bench comprising Justice V. Ramasubramanian and Justice S.V. Bhatt spent about an hour in a packed court hall to open the sealed tenders in response to a notice given by the Special Investigating Officer in the case. The bench then listed out the properties to which there were no responses, including the Keesara property in Vijayawada.

Multiple bids

With the counsels for Dena Bank and SBI informing the court that of the properties for which there were multiple bids, some were mortgaged to the banks, the court said it would examine this aspect also at the next hearing on January 3. However, even before the court began opening the covers, certain depositors from Tamil Nadu filed an application that they should be heard and that if the properties were at throwaway prices, the depositors would suffer loss.

APAT salaries

Meanwhile, a division bench comprising Acting Chief Justice Ramesh Ranganathan and Justice A. Shanker Narayan on Tuesday directed the governments of Telangana and Andhra Pradesh to contribute for payment of salary to the personnel of the AP Administrative Tribunal.

The bench dealt with a writ petition filed by way of PIL by a practising advocate, stating that both States were not paying salaries to the personnel of the tribunal. The bench directed that the salaries from December will be borne by both the States in the exact ratio of 58.32 and 41.68 respectively as prescribed under the Reorganisation Act.

All payments toward the maintenance of the tribunal would be borne by the Andhra Pradesh Government.

TS stand on Wakf

Meanwhile, the Hyderabad High Court on Tuesday asked the Telangana Government to spell out its stand by Monday on a petition seeking to declare its action in contravening the provisions of the Waqf Act and Election Rules in the process of conducting elections for the Telangana State Wakf Board as illegal.

Justice S.V. Bhatt was dealing with a petition by Mohammed Khairul Hasan, a resident of the city, urging the court to conduct elections only after following all the rules, and regulations.

» Our Top Clients