In a relief to the buyers of villa plots in the controversial Emaar Hills Township Project (EHTPL), the Andhra Pradesh high court on Tuesday quashed the earlier government orders restraining the registration of the plots sold to them.
The government issued orders in October 2010 stopping all property registrations in the project following a tiff between the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and the Emaar group on the sale price as well as the equity dilution of the state nodal agency in the project, later leading to a CBI investigation.
While the Advocate General, representing the state government, had earlier contended that the stoppage of registrations was a part of a larger issue involving the CBI investigation into the alleged irregularities, Justice Narasimha Reddy, however, ruled that the CBI chargesheet was not germane to the controversy as the matter involved the power of the government in restraining the registrations.
