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Status quo to be maintained in respect of assets of Penna group’s Pioneer Holiday Resorts and Bangalore-based Embassy Realtors: Telangana HC

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(G.N.S) Dt. 29 Hyderabad A bench of Telangana High Court Justice M S Ramachandra Rao and Justice K Lakshman gave this interim direction while hearing a plea filed by the ED, which urged the court to nullify some relief granted to these accused entities earlier by an appellate tribunal functioning under Prevention of Money Laundering Act. Telangana HC has ordered status quo to be maintained in respect of the assets

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