Hyderabad: Days after Karvy Stock Broking Ltd (KSBL) chairman and managing director C Parthasarathy was arrested for allegedly defaulting on Rs 137 crore loan taken from IndusInd Bank, Hyderabad police moved two separate prison transit (PT) warrants in Nampally criminal court in connection with two similar cases filed by HDFC Bank.
The judge on Thursday directed the prison authorities to produce KSBL chairman before the court on or before September 6. As of now, Parthasarathy is in judicial remand in connection with a case filed by IndusInd Bank. After he is produced before the magistrate, a decision will be taken by the judge on granting judicial remand in the two cases filed by HDFC. “Yes, PT warrant in two pending cases against Parthasarathy was moved in court,’‘ a senior officer in Hyderabad police confirmed.
In Hyderabad Central Crime Station (CCS), there are three cases against the KSBL chairman and a few others for defaulting on a total of…

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