Disposing of a batch of writ petitions and a PIL petition, Telangana High Court on Friday transferred all the pleas connected to Agri-Gold and Akshaya Gold depositors to a designated court in Eluru of West Godavari district in Andhra Pradesh.
A bench of Chief Justice Satish Chandra Sharma and Justice Abhinand Kumar Shavili said the amount of ₹50.42 crore accrued through sale of Agri-Gold assets should also be transferred to Eluru court. The bench directed the Registrar to transfer the entire amount deposited, along with the interest accrued, to Eluru court.
In 2015, Agri-Gold Depositors Association moved the HC through a PIL petition seeking a probe into the company affairs by CBI and return of their deposits from the company. While the HC heard the matter, eventually promoters of the company were arrested following registration of criminal cases.
