Union Minister of State for Science and Technology Y S Chowdary alias Sujana Chowdary, who was facing arrest threat following a non-bailable warrant against him, got reprieve from the Hyderabad High Court on Tuesday in connection with the alleged loan default case filed by a Mauritius bank.
The high court, however, asked the minister to personally appear before the court concerned on May 5 in the case.
The minister of state for science and technology, in his petition, urged the high court to quash the criminal case registered against him and also the NBW.
Sujana contended that since he is only a non-executive director of Sujana Universal Industries Limited, he can’t be proceeded against. The high court, in its interim order, quashed the warrant and adjourned hearing in the case to June 16.
On April 7, The XIIth additional chief metropolitan magistrate issued the warrant as the minister failed for the third time to personally appear in response to the court summons.
The counsel for Mauritius Commercial Bank had told the lower court that the minister was evading the process of court and sought NBW against him.
Chowdary and others were accused of defaulting in repayment of loan in excess of Rs.106 crore. The loan was taken for Mauritius-based Hestia Holdings Ltd., a subsidiary of Sujana Universal Industries Ltd.