TSRTC takes possession of Armoor’s Jeevan Reddy Mall over unpaid dues

In 2017, Rajitha took over the company and named the shopping mall as ‘Jeevan Reddy Mall and Multiplex’.
Image used for representational purposes only.
Image used for representational purposes only. File Photo

HYDERABAD: After serving the ‘final’ notice last week, the TSRTC on Thursday terminated the lease agreement with Vishwajith Infra Developers Pvt. Limted, the owners of Jeevan Reddy Mall and Multiplex in Armoor, Nizamabad district, for not paying dues amounting to Rs 2.51 crore as well as taking possession of the structure.

The firm had entered into an agreement with the RTC to utilise its land for construction of the mall near the Armoor bus station. The company is reportedly owned by Rajita Reddy, the spouse of BRS district president and former Armoor MLA A Jeevan Reddy. As per the RTC, the 7,059 sq yds of land belonging to the RTC were leased to Vishwajith Infra Developers on June 1, 2013, for a period of 33 years.

In 2017, Rajitha took over the company and named the shopping mall as ‘Jeevan Reddy Mall and Multiplex’. The stalls inside the mall were leased out to third parties.

The RTC said the firm did not pay the rent in time. Till October last year, the company owed Rs 8.65 crore, it added.

After notices were served, it cleared Rs 1.50 crore in the same month. Once the show cause notices were sent to the company, it paid Rs 2.40 crore in instalments in December last year. However, Vishwajith Infra later approached the high court, challenging the show cause notice, where the latter directed the company to pay the dues to the RTC.

As a result, Rs 2 crore were paid in instalments in January and February by the company this year, said the RTC, adding that the court gave clear instructions to pay the rest of the dues within a month.

In the past five years, the corporation has issued over 20 notices for payment of dues.

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