SC Adjourns Hearing in Margadarsi Case to July 18
1 year, 9 months ago

SC Adjourns Hearing in Margadarsi Case to July 18

Deccan Chronicle  

Vijayawada: The Supreme Court has heard AP’s plea for a stay on the Telangana High Court’s direction against any action on the owners and employees of Margadarsi Chit Funds. A vacation SC Bench of Justices Aniruddha Bose and Rajesh Bindal heard AP’s plea seeking transfer of a batch of petitions filed by MCFPL and others in Telangana High Court to the AP court. Senior advocate Harish Salve on behalf of MCFPL opposed AP’s plea by saying the TS High Court was dealing with the case and the AP government, instead of filing an appeal, sought the transfer of the matter to AP High Court. Notably, the TS High Court issued an interim order restraining the AP authorities from taking any coercive step against the MCFPL, its management, employees and others.

History of this topic

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