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Time of India
04-08-2025
- Business
- Time of India
HC frees Margadarsi from criminal liability in 18-yr-old case
Hyderabad: In a major relief to the successors of the Margadarsi group, founded by the late media baron Ch Ramoji Rao, Telangana high court on Monday quashed the criminal cases filed against Margadarsi Financiers by the former Andhra Pradesh govt in 2008. A division bench comprising Justice P Sam Koshy and Justice K Sujana ruled that the case stood abated following the death of Ramoji Rao last year. The court held that in the absence of the main accused, further prosecution of the company could not continue effectively. The ruling thus brings a long-pending legal battle to a close, nearly 18 years after the original case was filed. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad The AP govt had alleged that Margadarsi collected public deposits without legal permission, violating provisions of the Reserve Bank of India (RBI) Act. The firm, however, argued that it was functioning as a Hindu joint family business, which is not prohibited under law, and that the restrictions cited in the RBI Act applied only to non-banking financial companies. The RBI opposed this argument, asserting that the charges were against the corporate entity, not just Ramoji Rao. It said the business operations of Margadarsi Financiers were still active, and the legal question of whether it had accepted deposits in violation of the RBI Act remained unresolved. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Biggest Real Estate Discounts Ever at M3M India. Enquire Now! M3M India Book Now Undo Therefore, it argued, the case should not be dismissed on the grounds of the founder's death. However, Justice Koshy, announcing the court's decision, stated that prosecution could not move forward in the absence of the key individual accused and allowed the company's plea. Margadarsi was represented by a team of senior advocates, including S Nagamurthy, Mukul Rohatgi, and Siddharth Luthra. The RBI was represented by senior counsel L Ravichander, and the AP govt by public prosecutor Palle Nageshwar Rao. The high court also closed the petitions filed by the current management of the company seeking to be made parties in the case. Since the main petition was allowed and the criminal cases quashed, their applications were declared closed.
Hindustan Times
19-06-2025
- Entertainment
- Hindustan Times
Kajol says Ramoji Film City is ‘prime example' of haunted place; Hyderabadis says ‘matlab kuch bhi'
Anyone who has grown up in Hyderabad has most likely heard the urban legend that Ramoji Film City, founded by the late Ramoji Rao, is haunted. And it looks like Kajol believes it, too. While promoting her upcoming horror film Maa, Kajol mentioned that the film city is a 'prime example' of being haunted, only to invite trolling. (Also Read: Kajol reveals how she teaches daughter Nysa Devgan to deal with social media trolls: 'Don't know how much of it is real') In an interview with Galatta India, Kajol was asked if she had ever experienced negative energies, and she replied, 'I have experienced this multiple times. Call it negative energy or vibes, but sometimes, when you go to a place, you feel like something isn't right. I've shot at places where I couldn't sleep all night, where I felt it would be good if I could just leave this place.' She then brought up Ramoji Film City and added, 'There are quite a few places like that. A prime example is Ramoji Rao Studios in Hyderabad, which is considered one of the most haunted places in the world. I am lucky enough not to have seen anything (ghosts), though.' While the urban legend of the film city being haunted has been going around for a while, Kajol caught flak for repeating a 'foolish belief'. One Redditor wrote, 'For movie promotions, say whatever trash you can say, tomorrow she will portray ISRO scientist mother and then will say rational aur science se better kucch nhi. (nothing better than science).' An X (formerly Twitter) user wrote, 'With due respect to Kajol, if Ramoji Film City were truly haunted, lakhs of people wouldn't be visiting it every year. It's Hyderabad's pride in film tourism.' A Redditor joked, 'Ghosts still alive in 2025? No way.' Another wrote, 'In the Ramoji Film City #Bahubali 1 & 2, #Pushpa 1 & #Pushpa2, #RRRMovie,#JaWan, #pathaan, #KGF2, #SalaarCeaseFire, #Jailer and so many Big Indian movies are done shoot in the RFC and so many upcoming pan India movies doing shooting in the RFC think twice then talk about it.' One even claimed, 'It's negative propaganda on Telugu industry.' A frustrated Redditor wrote, 'Haunted why??? Coz its the worlds biggest film city. Matlab kuch bhi. (You're saying anything now).' The film studio is set on 1,666 acres with 47 sound stages and holds the Guinness World Record for being the largest film studio. However, few people came to Kajol's support with one X user pointing out, 'Including Kajol, Tapsee many celebrities are revealing about their haunted and spooky experiences in RFC! Of course it's a wonderful film city built with all facilities but there is a rumor that it was built on Nizam soldiers grave yard!' One pointed out, 'I have heard same from Rashi Khanna and Sundar C (Tamil director).' Maa is releasing in theatres on 27 June.
