New Delhi: The Supreme Court on Monday sought the Centre's stand on pleas by two investment firms SRS Orion and Nimesh Kampani's JM Financial against the handover of the management of scam-hit Maytas Properties to Infrastructure Leasing and Financial Services Ltd (IL&FS).
A three-judge bench headed by Chief Justice S H Kapadia issued notice to the government seeking reply to the pleas challenging its decision to take over the firm's management from Satyam founder B Ramalinga Raju's family and handing over
the same to IL&FS.
Rejecting IL&FS' submissions that SRS Orion and other investment firms cannot be a party before the Company Law Board (CLB), the apex court said they have the right to object to the changeover of the Maytas' management....
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09:13 PM, May 09, 2011
SBG Projects, a part of Saudi Binladin Group, will buy 20 per cent stake in the Hyderabad-based Maytas Infra. ...
11:12 PM, Jun 19, 2010
Ramalinga Raju is now recovering in the intensive care unit. ...
12:04 AM, Sep 09, 2009
Infrastructure Leasing and Financial Services has 37.1 pc stake in Maytas. ...
04:08 PM, Aug 31, 2009
The IT dept is gathering information for finalising the pending assessment. ...
03:22 PM, Aug 07, 2009
Company is linked to former Satyam chairman B Ramalinga Raju. ...
02:12 PM, Jul 07, 2009
Satyam is trying to find a buyer of a 51 per cent stake in the company. ...
02:10 PM, Apr 08, 2009
Mechanism of the open auction will be notified to the bidders separately. ...
07:48 PM, Apr 02, 2009
New Delhi: The Company Law Board on Thursday allowed the government to name four directors, including the chairperson, to the board of Maytas Infra but set aside a petition seeking to supersede the company's entire top brass. The permission immediately resulted in the government appointing senior advocate and tax expert O.P. Vaish and noted chartered accountant Ved Jain as two of the four government directors. "We will appoint two more...
04:30 PM, Mar 05, 2009
E&Y says the process was "much longer" than just one day. ...
11:21 PM, Feb 25, 2009
Probe agency has nine days to question ex-chief of Satyam. ...
05:25 PM, Feb 20, 2009
The Govt seeks to take over Maytas infrastructure and Maytas properties. ...
01:06 PM, Feb 18, 2009
Union Company Law Minister says Govt suspects fraud. ...
08:15 PM, Feb 17, 2009
Maytas accounts are currently under investigation. ...
01:22 PM, Jan 22, 2009
P K Madhav has resigned as whole-time director of the board. ...
07:27 PM, Jan 19, 2009
Satyam board on December 16, 2008 cleared Satyam-Maytas deal. ...
10:57 PM, Jan 17, 2009
Family purchased close to 6,500 acres through Maytas Properties. ...
01:01 AM, Jan 14, 2009
V Srinivas was arrested on the same charges as that of the Raju brothers. ...
08:49 PM, Jan 11, 2009
The resignations caught the market, investors and analysts by surprise. ...
01:21 PM, Jan 07, 2009
Software giant's founder faces up to 10 years in prison. ...
11:47 AM, Jan 07, 2009
