Hyderabad: The HC on Wednesday sought to know from a private trader, whose company is under liquidation, whether he can still represent his firm before the court.
A bench of Chief Justice Raghvendra Singh Chauhan and Justice B Vijaysen Reddy posed this question to advocates representing Rajesh Agarwal, managing director of BS Company, who challenged the action of SBI in declaring his bank account as a fraud account. Agarwals advocates Sumesh Dhawan and Arunabh Chowdhury said the whole-time directors like MD would still be on the rolls of the company even when the company is under liquidation. BS Company had availed thousands of crores as loans from SBI and a few other banks and evaded repayment. Deriving its strength from a master cir…
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