The Andhra Pradesh High Court on July 27 (Thursday) heard a batch of writ petitions that challenged the orders passed by the Enforcement Directorate (ED) for a provisional attachment of the same properties of the AgriGold Farm Estates Pvt. Ltd. (AGFEPL) that had been seized by AP CID under the Protection of Depositors Act, 1999.
Justice Ravi Cheemalapati posted them for further hearing on July 31, when the ED would present its arguments.
Those who questioned the validity of the ED’s order for attachment of the said properties included the Union Bank of India (UBI) and the Corporation Bank, which also challenged the attachment orders issued by the State government, a purchaser of the properties auctioned under orders by the Debt Recovery Tribunal (DRT), an association of flat owners and the agents, who contended that they had bought the properties well before the FIR was registered, and the AGFEPL itself.
