Hyderabad: The Telangana high court stayed a show-cause notice issued by Bank of Baroda against Khammam TRS MP Nama Nageswara Rao’s company for four weeks.
Justice B Vijaysen Reddy, who heard the petition of the MP and his associates, was however critical of the company, Ranchi Expressway Limited. The MP along with his relatives and associates approached the high court, urging it to prevent BoB from declaring their company account as an account of a wilful defaulter.
Presiding over a vacation court, Justice Vijaysen Reddyasked the petitioners to first furnish their explanation to the show-cause notice. tnn