SC Bench sets aside SLP against Telangana High Court judgment on Margadarsi Financiers
The Supreme Court has dismissed a Special Leave Petition (SLP) filed against the Telangana High Court's judgment that set aside a criminal case against the financial company, Margadarsi Financiers. The three-judge Bench, comprising Justices M.M. Sundaresh and Prasanna Varale, rejected Vundavalli Arun Kumar's plea. The Supreme Court also queried the petitioner's standing to present the case.
Margadarsi Financiers had submitted that over ₹2,591 crore had already been refunded to depositors and an additional ₹5.23 crore is held in an Escrow account as a safety net for potential claimants.
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