Hyderabad: The state government is gearing to approach the high court against the AP state and its lead banker. And they also approached the court challenging the decision of SBH for freezing its assets.
TSCHE had asked banks to hold the assets during bifurcation tussle are resolved. Principal banker SBH froze the accounts for the termed the act as “illegal” after which the APSCHE approached the high court.
Officials are now looking to approach the court to inform the advocate general had advised the government to file a case against Andhra Bank and the AP government. “Telangana state government will file a case, probably on Monday against the Bank”, Prof Reddy said.
TSCHE is left penniless since the government has not allocated any budget to the body and the APSCHE has not been forthcoming in loaning money to the Telangana