Agri Gold assets to be e-auctioned by district panels in Telangana

HYDERABAD: Giving green signal for e-auctioning of identified properties of scam-hit Agri Gold company through district committees, a division bench of the High Court on Friday directed the Andhra Pradesh government to constitute committees comprising the collector, registrar and legal services authority secretary of the districts concerned for conduct of e-auctioning of properties.

After hearing the counsels for Agri Gold management and AP government, the bench suggested that the district committee conduct first phase of e-auctioning of open plots at Payakapuram in Vijayawada, a commercial plot at Gandhi Nagar in Krishna district and agricultural land in Veerlapadu mandal and other landed properties in Machilipatnam and Vijayawada areas