Hyderabad: The Hyderabad High Court on Friday quashed a case against India Cements Ltd MD N. Srinivasan, registered by the CBI in connection with illegal investments case of Y.S. Jagan Mohan Reddy.
The CBI had filed a chargesheet against Mr Srinivasan alleging that he had entered into a criminal conspiracy with the other accused in the case to avail undue benefits like land and water allotments for his cement plants from the then AP government. The CBI alleged that in lieu of this, Srinivasan invested Rs 140 crore in Bharati Cements, Carmel Asia and Jagathi Publications owned by Mr Reddy.
Aggrieved by the charges, Mr Srinivasan moved the quash petition. Allowing the petition, Justice B. Siva Shankar Rao found that the material placed by the CBI failed to prove that Mr Srinivasan entered into a criminal conspiracy in his individual capacity.
Judicial officers’ meeting in Hyderabad
Ch. Manavendranath Roy, Registrar-General of the Hyderabad High Court on Friday said to ensure speedy justice to all litigants, effective usage of Alternative Dispute Resolution (ADR) mechanisms, the Hyderabad High Court would be holding a two-day state-level judicial officers conference in Hyderabad on March 19 and 20.
Supreme Court judge Justice Anil R. Dave will inaugurate the conferen-ce. Justices Dipak Misra and N.V. Ramana, Supreme Court judges, and Chief Ministers of TS and AP, K. Chandrasekhar Rao and N. Chandrababu Naidu respectively, will participate. Justice J. Chelameswar, SC Judge, will deliver the valedictory address on March 20.
He said that the state level conference used to be held once every three years, but was now being held after a gap of 10 years.
