HC Issues Notice To Minister Ganta Srinivas Rao
Hyderabad: AP Educational Minister Ganta Srinivas Rao, along with 15 others, received notice from High Court on Tuesday. This is in reply to the PIL filed against Minister for availing loans by pledging Government lands in the name of Prathyusha Resources.
Mr. Ajay babu, resident of Vizag, filed a petition stating that the minister and his associates mortgaged Government lands at Vemulavalasa, in Vizag district. They further obtained a loan of Rs 142 crs from Indian Bank, petitioner said.
As the promoters of Prathyusha resources failed to repay the loan, Indian Bank issued public notice with a warning not to deal with the said lands in Vemulavalasa with survey nos 122/9,122/10, 122/11, and 122/12.
Petitioner also requested Court to direct Bank officials to stop the auction of the land. High Court on Tuesday issued notice to Minister Ganta and to all respondents including Indian Bank officials.