The investigating agency has filed a FIR against Servomax India following a complaint filed by India’s largest state-owned lender State Bank of India, alleging around Rs 300 crore of fraud.
A bankruptcy court had given the Hyderabad-based company’s resolution professional (RP) time till July 10 (Tuesday) to submit a resolution plan.
The tribunal had then directed both company and its lenders to explore the possibility of commencing commercial operations instead of looking to winding up and liquidating the assets.
Telangana was carved out of Andhra Pradesh in June 2014, post the general election and after a long, violent struggle, of which KCR ended up being the political face
We are talking about alternative politics, not just winning elections. So we have to be careful about forging alliances, Kodandaram said.
Earlier Bengal CM Mamata Banerjee had skipped the Niti Aayog meeting. She has avoided the meetings thrice before in opposition to the Modi government’s policies.
Naidu, who pulled his Telugu Desam Party out of the BJP-led National Democratic Alliance in March this year, said neither the BJP nor the Congress would be able to get majority in the next election.
Congress and JDS MLAs reached Hyderabad amid uncertainty over the outcome of the appeal before the Supreme Court . Congress MLAs checked into Taj Krishna and JDS into Novotel .
Teja Raju and Junior Rama Raju, two sons of Satyam Computer’s founder B Ramalinga Raju, have also received relief from the Supreme Court on Monday.
Several senior BJP leaders in AP, including presidents of districts, have resigned in protest against the party ignoring Somu Veerraju.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon