Orders on CBI plea for DCHL promoters custody Feb 21

Posted on 20th Feb 2015 11:18 am by mohit kumar

Hyderabad, Feb 19 (IANS) A CBI court posted, for Feb 21, its orders on a petition by the CBI for 14 day police custody of the promoters of Deccan ChronicleAHoldings Limited (DCHL).

The court heard arguments on the petition filed by the Central Bureau of Investigation (CBI) and fixed Feb 21 as the date pronouncing the orders.

The CBI Feb 15 arrested DCHL chairman, T. Venkattram Reddy, and managing director T. Vinayaka Ravi Reddy in connection with an alleged loan fraud case.

The Canara Bank had lodged a complaint with the CBI against the company promoters in 2013, after the company defaulted on a loan amounting to over Rs.350 crore.

The CBI counsel explained the need to interrogate the brothers for two weeks to get to the bottom of the case.

The DCHL, which published English daily Deccan Chronicle, argued that the arrests were made in violation of the Supreme Court orders issued earlier.

Meanwhile, the court also admitted for hearing a petition filed by Venkattram Reddy seeking special category status.

Other news

Terrorist attack in the famous market of Pakistan: Blast in Anarkali market of Lahore, 4 killed, a bomb was planted in bike

Another terrorist attack happened in Pakistan. A bomb blast took place in the historic and famous

Ghazipur Landfill Fire: A Mountain of garbage kept burning, and smoke spread from Delhi to Noida-Ghaziabad

As the mercury rises, the garbage mountain in Ghazipur is on fire once again. The fire

Omicron's new sub-variant found for the first time in the country: WHO said - we are monitoring; Corona cases increased by 30% in the world

For the first time in the country, a new sub-variant of the corona new variant Omicron has been d

DC vs GT: 'We could have won this match but...', David Warner became emotional after the defeat in the match, told where the mistake happened

David Warner Appreciates Sai Sudharsan, DC vs GT, IPL 2023. Delhi Capitals, captained by David Wa

'Up In Smoke' star June Fairchild dead

Los Angeles, Feb 20 (IANS) Actress June Fairchild, best known for her role as the Ajax Lady in

Economy: China raised the world's concern by reducing the interest rate, but for the time being the dollar benefits

At present, the US currency dollar is getting the direct benefit of the increasing economic diffi

Corona Epidemic: Industrialists and spiritual leaders, including Sangh chief Mohan Bhagwat, will increase the spirits of the countrymen, the program will run for 4 days

In the time of the Corona crisis, Sarsanghchalak Mohan Bhagwat of Rashtriya Swayamsevak Sangh wil

68% of people suffer from insomnia in America: One in every 5 people is unable to sleep at night, increasing stress due to inflation

After Corona, now American citizens are troubled by inflation. This is the reason why one in ever

Covid Statistics India: Corona has surrounded us, why did 26 thousand cases increase in a day? get the game here

The maths of figures is being played with our breath once again amid a formidable corona in the c

Train Accident in Maharashtra: 14 laborers killed, Railway Minister orders inquiry

In Aurangabad district of Maharashtra, 14 migrant laborers died after being hit by a goods train