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2 was awarded a tender by the Andhra Pradesh Government for development of an integrated tourism project ("Project") in Manikonda Village, Andhra Pradesh and APIIC was the nodal agency to implement the Project. A Collaboration Agreement was entered between the Parties and Special Purpose Vehicles named Emaar Hills Township Pvt. In early 2000s the Respondent No. It was additional observed that TSIIC was an instrumentality of State and hence lined underneath Article 12 of the Constitution of India. The Bench observed that APIIC was formed as a Government Company, which means an organization whereby the complete holding of the shares is held by the involved Government and the ownership of shares/property can be held by the Governor of the State. 1") was incorporated by which APIIC held 26% shares and Respondent No. Top Law Corporations Poach From Rivals As Demand For Legal Providers Booms Publish PandemicPrime Regulation Corporations Poach From Rivals As Demand For Legal Companies Booms Publish Pandemicprime regulation firms poach from rivals as demand for legal providers booms post pandemiclaw firm HyderabadLaw Firm Hyderabad
Further, the Respondents have been directed to compensate the financial losses incurred by the Government of Telangana/TSIIC until date in regard to equity dilution and such other consequences.

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