Hyderabad: The Telangana High Court reserved its orders on an interim application filed by the Institute of Chartered Accountants of India (ICAI), challenging a single judge’s order barring YSRC MP V Vijayasai Reddy from prosecution for alleged misconduct in his capacity. As financial advisor and chartered accountant to former Chief Minister YS Jaganmohan Reddy, who was charged by CBI and ED. quid-pro-quo transactions.
In an interim application before the Division Bench, ICAI sought a stay on the order of the single judge. ICAI argued that the Telangana High Court had no territorial jurisdiction to entertain the writ petition filed by Vijayasai Reddy, in which he had requested a single judge to quash ICAI’s disciplinary proceedings against him.