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AP High Court's Stay on the construction of houses for poor

AP High Court s Stay on the construction of houses for poor: Houses for the poor program in Amaravati region were halted by the High Court of Andhra Pradesh. On July 24th Andhra Pradesh Chief Minister YS Jagan laid the foundation stone for the construction of 50,000 houses in the R 5 zone of Amaravati following SC orders. ....

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YS Viveka Case: AP High Court Directs CBI To File Counter Affidavit

AMARAVATI: The Andhra Pradesh High Court on Tuesday had directed the Central Bureau of Investigation to file a counter affidavit in the petitions filed by T Gangi Reddy and G Umashankar Reddy challenging the proceedings issued by Kadapa principal assistant sessions judge allowing Shaik Dasthagiri to turn approver and granting him pardon in YS Vivekananda Reddy murder case. The ....

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Amravati case: HC stays proceedings against Chandrababu Naidu for 4 weeks

Amravati case: HC stays proceedings against Chandrababu Naidu for 4 weeks
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No Insider Trading In Amaravati Land Deals

No Insider Trading In Amaravati Land Deals
Published by GulteDesk
January 20, 2021
The Andhra Pradesh High Court quashed criminal case registered by the Crime Investigation Department (CID) alleging insider trading in purchase of lands by former Chief Minister and TDP president N. Chandrababu Naidu, his family members and a few others close to the party.
The state government also named the family members of a sitting Supreme Court judge, a former Advocate General of the state, accusing them of insider trading.
Lands sold willingly
The High Court held that the land was sold willingly and that there was no criminality or insider trading involved. Further, it clarified that the concept of insider trading is an offence in stock market relating to selling and buying securities and bonds and that it cannot be applied to offences under the Indian Penal Code. It cannot be read into Section 420 IPC or into any provisions in the IPC. Hence, it cannot be ....

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Andhra Pradesh High Court strikes down insider trading cases- The New Indian Express

Andhra Pradesh High Court strikes down insider trading in Amaravati cases
It was alleged that some people with the prior knowledge of location of the capital, purchased lands at cheaper rates in Amaravati.
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By Express News Service
VIJAYAWADA: The Andhra Pradesh High Court on Tuesday struck down the cases registered by the Crime Investigation Department (CID) alleging insider trading in purchase of lands by some people in Amaravati.
The concept of the offence of insider trading which is essentially an offence in the field of stock market relating to selling and buying the securities and bonds cannot be applied to the offences under Indian Penal Code and cannot be read into Section 420 IPC or into any provisions in the scheme of Indian Penal Code. The said concept of offence of insider trading is totally alien to IPC and it is unknown to our criminal jurisprudence under the Indian Penal Code. So, it cannot even contextually ....

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