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Two Karuturi directors file suit against receivers over property

Two directors of the bankrupt Karuturi flower farm have moved to court accusing the company’s creditors and receiver managers of destruction of property. 

Anitha Karuturi and Sai Ramakrishna Karuturi told the court that Stanbic Bank and ICICI Bank colluded with the three receiver managers to demolish a property the two had been using as a wildlife and bird-watching lodge.

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