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AgriGold – High Court opens tenders for sale of seized properties

Tuesday, December 27, 2016
Hyderabad

The High court 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 opened the sealed tenders in response to a notice given by the Special Investigating Officer in the case. The bench listed out the properties to which there were no responses including Keesara property in Vijayawada.

A Division Bench comprising Acting Chief Justice Ramesh Ranganathan and Justice A.Shanker Narayan 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 the way of PIL by a practicing 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 Reorganization Act.


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