Accused in real estate fraud gets bail

Hyderabad: Justice C. Sumalatha of the Telangana High Court on Monday granted bail in a criminal petition pertaining to an economic offence, filed by Shaik Mohammed Osman from Yadadri-Bhuvangiri district. The petitioner was charged with criminal breach of trust, criminal conspiracy and fraud.

It was contended against the petitioner that he had lured over 100 people to invest Rs 36 lakh into in real estate, promising 100 per cent returns. Counsel for the petitioner said Osman had been in jail since February 1, and the investigation was not complete.

HC grants bail in dowry suicide case

Justice C. Sumalatha of the Telangana High Court on Monday granted bail in a criminal petition pertaining to domestic violence and abetment to suicide. The judge was dealing with a petition filed by Gorapalli Veera Venkata Nageswara Dilip, brother-in-law of the accused, from Medchal-Malkajgiri district.

It was alleged that the wife of the accused had died by suicide in KPHB Colony under immense mental and physical torture and instigation by the husband and his family. The court observed that the accused had been in judicial remand for more than three weeks and, as the issue was still under trial, granted bail.

HC allows pleas on microfinance rules

A two-judge bench of the Telangana High Court on Tuesday allowed a batch of writ petitions questioning the power of the state government to enact the Micro Finance Institutions Regulation of Money Lending Act. It was argued before the bench of Chief Justice Ujjal Bhuyan and Justice C.V. Bhasker Reddy that the provisions of the Act required the licensee to once again obtain license under the Act from the state government.

Various regulatory measures were sought to be imposed upon such licensees. The matters were challenged when the erstwhile state got issued an ordinance which was made into an Act. The challenge to the Act was closed by an earlier division bench on the ground that the Centre was in the process of making an enactment.

The apex court, however, remanded the matter in an appeal. It further made it clear that the High Court of Telangana would consider on merits the vires of the enactment both Telugu states. The bench on Tuesday allowed the writ petitions and rejected the plea of Sanjeev, appearing for Telangana, and Govind Reddy, special counsel for Andhra Pradesh, that the matter did not require the court's intervention.

The bench speaking through the Chief Justice pointed out that during the pendency of these writ petitions the apex court had resolved the issue and found that the similar statutes emanating from Kerala, Gujarat and Tamil Nadu were unconstitutional.