By S A Ishaqui
Hyderabad, Jan 8 : The Andhra Pradesh High Court directed the police not to arrest former directors of Nagarjuna Finance Company, Mr K.S. Raju and Mr P.K.S. Madhavan in other cases pending against them in the state as well as in other states.Mr Raju and Mr Madhavan filed separate petitions seeking a direction to club all the cases pending against them in Tamil Nadu, Karnataka, Mumbai, West Bengal, Delhi, Bihar, Uttar Pradesh and Gujarat.
Deposit holders filed as many as 90 cases against them for non payment of fixed deposits and interest by NFC Ltd.
The petitioners told the court that they were faced with imminent threat of being repeatedly arrested on the similar set of facts and circumstances for which they have already been arrested.
Dealing with the petition Justice D.S.R. Varma refused to issue a direction to club all the cases and treat them as one case.
The court also refused to stay all further proceedings in pending cases. The court said the investigation may go on and not to arrest the petitioners in other cases till further orders.
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