Another set back
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Home / Andhra Pradesh News / 2007 / March / March 14, 2007
Another set back to Margadarsi

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Margadarsi Financers issue

Apex Court directs HC to proceed with complaint against Margadarsi Financiers
Division Bench passed the order while disposing of a special leave petition

Margadarsi Depositors Welfare Association files writ petition
AP High Court grants interim orders

CID seizes documents of Margadarsi Financers
Searches conducted in presence of its representatives

CID officials shifts records of Margadarsi
Action followed by the Court dismissal Margadarsi petition

Another set back to Margadarsi
Court dismisses revision petition

CID resumes searches at Margadarsi
Gates of building closed for outsiders

CID to resume searches on Margadarsi on Sunday
Court gives permission to the officials for searches

More features on Margadarsi Financers issue

Another set back to Margadarsi

Court dismisses revision petition

Hyderabad, March 14, 2007

In another set back to Margadarsi Financers, the first additional metropolitan sessions judge on Wednesday dismissed the revision petition filed by the company against the orders passed by the first additional Chief Metropolitan Magistrate a few days ago. The magistrate had earlier ordered search of Margadarsi premises and seizure of records of its business.

Margadarsi Financers sought stay on the searches undertaken by the investigating agencies and as the first Additional Chief Metropolitan Magistrate was reluctant to entertain it, the Margadarsi Financiers filed a revision petition in the court of the First Additional Metropolitan session Judge.

The court while dismissing the revision petition, gave liberty to Margadarsi Financers to approach the magistrate for original documents that had been seized and kept with the investigating officers in case they were required for repayment to the depositors. The Court further said there was no illegality or irregularity in the order of the first additional Chief Metropolitan Magistrate and there was no scope for interference in the matter. The Court had given permission to the investigating authorities to continue searches.

Andhra Pradesh on March 14, 2007

Indira Prabha integrated land development scheme implemented
Lands distributed to SCs

Another set back to Margadarsi
Court dismisses revision petition

Chief Minister promises speedy execution of Rajiv Swagruha
Special monitoring cells to be constituted

Indiramma beneficiaries gheraoes housing officials Vizaginfo.com
Demands supply of sanctioned cement bags

BJP demands Central Government to ban participatory note Vizaginfo.com
Says illegal money is getting legal using the Mauritius route

March 14 in History

Events and happenings on 14 March in History

14 March 2001
Highlights: Multimedia Development Corporation of Malayisa (MDCM) MoUs with Hyderabad Software Exporters Association (HYSEA).

14 March 2002

14 March 2003
Highlights: PCC asks for enquiry on Kakinada Port

14 March 2004
Highlights: Former TDP MP from Nizamabad quits party - joins TRS

14 March 2005
Highlights: APSRTC Unions to go on strike from 16th

14 March 2006
Highlights: Government bans private college fraudulent ads

14 March 2007
Highlights: Chief Minister promises speedy execution of Rajiv Swagruha

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