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Court dismisses Penna Cements plea
Highlights
A two judge bench of the High Court at Hyderabad comprising Acting Chief Justice Dilip B Bhosale and Justice S V Bhatt declined to stay proceedings against the Penna Cements and its sister concern before the Enforcement Directorate. The ED had attached the properties of Penna Cements and Pioneer Holidays in the Y S Jagan Mohan Reddy disproportionate assets case.
Hyderabad: A two judge bench of the High Court at Hyderabad comprising Acting Chief Justice Dilip B Bhosale and Justice S V Bhatt declined to stay proceedings against the Penna Cements and its sister concern before the Enforcement Directorate. The ED had attached the properties of Penna Cements and Pioneer Holidays in the Y S Jagan Mohan Reddy disproportionate assets case.
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