By S A Ishaqui
Hyderabad,Sept. 29: The AP High Court on Wednesday issued notices to the commissioner and inspector-general of registration and stamps on a petition filed by Mr G.G.V. Vijay Raghav of Emaar Hills Township Pvt. Ltd (ETHPL), challenging the orders of the commissioner not to register certain properties of ETHPL.
The commissioner had issued a memo on August 18, 2010, directing that the sale deeds and other documents in respect of the properties situated in Manikonda and Gachibowli villages in Ranga Reddy district should not be registered. It had been requested by the AP Industrial Infrastructure Corporation (APIIC) to do so. APIIC is of the view that the agreement between EHTPL and Emaar MGF was against the financial interests of the state and of APIIC, since it could transfer huge share of profits by way of revenue share to Emaar MGF.
Mr Raghav contended that the registration and stamps department has no power to stall the registration and the memo was bad in law and should be quashed.
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