Sunday, May 4, 2008

Ramoji Rao pays Rs 50,000 costs

By Shariff Ameeruddin Ishaqui
Hyderabad , April 30 : Media baron and Chairman of Margadarsi group of companies Ch Ramoji Rao on Wednesday paid Rs 50, 000 to the AP High Court towards cost as ordered by the AP High Court.
A division bench of the high court comprising Justice B. Prakash Rao and Justice Somayajulu, imposed costs on Mr Ramoji for not withdrawing the allegations made against the Chief Minister, Dr Y.S. Rajasekhar Reddy.
Margadarsi Financiers had filed five writs challenging the notices issued by the Income-Tax department. The bench expressed dismay over the allegations on a person (the Chief Minister), who was not made a party in the writ.
The petitioner (Ramoji Rao) had alleged that the Chief Minister had been instigating "illegal action" against him with political vengeance. The bench asked the petitioner to pay costs each Rs 10,000 for five writs. The counsel for the Margadarsi Financiers remitted the amount to the High Court.

No comments: