Archive · 28 Sep 2025
Telangana High Court Orders Expedited Hearing in ₹600 Cr Case
A company from the UAE called Rakia is trying to get back ₹600 crore from an Indian industrialist named Nimmagadda Prasad.
Rakia says Prasad misused money in a port project.
A court in the UAE previously ruled in Rakia's favor.
Because the process is taking a long time, Rakia asked the Telangana High Court to step in.
The High Court has now told the local court in India to speed things up and consider having daily hearings to resolve the case quickly.
The Telangana High Court intervened in a ₹600 crore recovery case.
Ras-Al-Khaimah Investment Authority (Rakia) is seeking to recover the funds.
The case involves alleged misuse of funds by Nimmagadda Prasad.
Rakia is seeking to execute a UAE court decree.
The High Court directed expedited hearings in the commercial court.
- Who
- Ras-Al-Khaimah Investment Authority (Rakia) and Nimmagadda Prasad
- What
- Telangana High Court directed the commercial court to expedite hearings regarding a ₹600 crore recovery plea.
- When
- Petitions were filed in 2023; the High Court issued the directive recently.
- Where
- Commercial Court in Rangareddy and Hyderabad districts.
- Why
- Rakia sought the High Court's intervention to speed up the hearing process in the execution petitions.
- Plaintiff
- Ras-Al-Khaimah Investment Authority (Rakia)
- Defendant
- Nimmagadda Prasad
- Amount in Dispute
- ₹600 crore
- Case Type
- Execution Petition
- Court Location
- Commercial Court, Rangareddy and Hyderabad districts