Hyderabad, June 19 -- The Telangana High Court on Thursday, June 18, made sharp observations against bank officials while hearing a petition related to land allotted to a company in Fab City SEZ at Raviryala in Maheshwaram mandal of Rangareddy district.

Justice Nagesh Bheemapaka questioned how a bank could sanction a large loan against land that was already under legal dispute and reportedly protected by a High Court stay order. The judge remarked that the official who approved such lending had shown greater generosity than the legendary King Shibi, referring to allegations that a project worth around Rs 200 crore was extended loans running into several hundred crores.

SBI challenges Telangana govt's move

The case arose from a petition...