Wednesday, July 7, 2010

Case filed against Maytas

By S A Ishaqui
Hyderabad, July 6: Justice G. Rohini of the AP High Court on Tuesday issued a notice to the Maytas Properties Ltd, the central government and the Registrar of Companies on a petition, which sought a directive to initiate action against Maytas Properties for not filing its annual financial statement for 2008-09 and 2009-2010 before the Registrar of Companies.

The petition was filed by Mr Gunturu Parthasarathy, a native of Secunderabad, stating that the company has become insolvent.

Mr Prabhakar Sripada, the counsel for the petitioner, said the company has shifted its office from Begumpet to some unknown location without the prior permission of the Registrar of Companies.

The judge granted four weeks time to the respondents to submit their reply.

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