Home

Current Waves

  • Home
  • Auto
  • Tech
  • Results
  • Deals
  • Gadgets
  • Showbiz
  • Health
  • Sports
  • IN
  • UK
  • US

Navigation

  • Feed aggregator

User login

  • Create new account
  • Request new password

Recent comments

  • Great innings
    1 year 46 weeks ago
  • Bollywood's fathers
    1 year 46 weeks ago
  • Shakira's Chocolate Obsession
    1 year 46 weeks ago
  • Costly
    1 year 46 weeks ago
  • =)
    1 year 47 weeks ago
  • BEWARE - MAN OR WOMAN WHO INTENDS TO HARASS THEIR SPOUSE !
    1 year 47 weeks ago
  • Hats off the CABINET !
    1 year 47 weeks ago
  • Details of this law
    1 year 47 weeks ago
  • Bhopal Gas Tragedy AND COMPENSATION TO SUFFERERS!
    1 year 47 weeks ago
  • Mamta -Kisenji's allience
    1 year 47 weeks ago
Home

Rift between Maytas Infra and Mahindra Satyam

Submitted by Kulwant Kaler on Tue, 07/06/2010 - 16:31

The troubled technology company Mahindra Satyam has passed the tough waves for past several months but the company has again hit a hurdle with the firm Maytas infra recently.

While it has now been more than 18 months since the accounting fraud at the IT major Satyam imploded, a former sister concern of the firm, Maytas Infra has recently been asking for the Rs 324 crore that it had lent to Satyam before Mahindra came into picture.

Notably, the whopping amount came into picture after the examination of Maytas books but the infrastructure giant has even asked the Ministry of Corporate Affairs (MCA) to help recover the money.

However, Mahindra Satyam has already expressed its inability to refund the money as the company said that the restatement of the accounts is going on currently.

It is still not clear whether Maytas have the right to claim the money, but the company has also approached the MCA to resolve the issue. Experts are of a view that it will take much more time than expected at the outset and even the final result is not known by any chance.

  • Add new comment

Movie Masala

  • Salman Khan asks for re-shoot of 'Character Dheela'
  • AR Rahman Becomes Producer with YM Movies
  • New girl in Shahid's life
  • Yash Raj films unveil a slate of three youth-based films in 2011
  • Yuvraj Singh's special invite to Aamir Khan
  • Katrina Kaif is no more interested in Bollywood Boys
  • Shahid Kapoor spotted with VJ Bani
  • Akshay Kumar Back As The Host Of Khatron Ke Khiladi 4
more

United States News

  • Cat Allergies Could Be Cured With A Simple Injection
more

Similar entries

  • Satyam removes the freeze on hiring
  • Mahindra Satyam on a downfall on delisting news
  • Five accused out on bail in Satyam case
  • M&M planning a new variant of Xylo
  • CBI linking Ramalinga Raju's assets
  • Mahindra to Now Manufacture Aircraft Components
  • Mahindra & Mahindra deploys Cisco telepresence solution

HealthCare

  • Cat Allergies Could Be Cured With A Simple Injection
more

Latest News

  • Saif excited about walking red carpet at Cannes
  • Love u Mr. Kalakaar completes its shooting in four months
  • Ekta Kapoor in CID
  • Haunted 3D Movie releases today
  • Ranbir's first bash!!
  • Shiney Ahuja has been released on bail
  • Salman invites her ex-girl friend Katrina for lunch
more

Poll

Will you buy Full Featured Mobile Phone from New Companies:

Recent blog posts

  • Government to justify petrol prices hike
  • Brilliant Performance by Saina Nehwal at Indonesia Open
  • UNSC Membership Bid BY India Supported by Britain and France
  • RCOM Ready to Vend Tower Business to GTL
  • Diabetic Women May Not Benefit From Omega-3
  • Sri Lanka Series Will See Dravid and Yuvraj Making a Return to the Indian Team
  • 6,211-cr Capital Infusion in 5 PSBs by the Centre
  • Ad Showing Nitish with Modi Sparks Controversy
  • Nithyananda Returns to his Bidadi Ashram After his Release From Jail
  • India Relaxes Visa Norms for Pak Nationals
more

India Update

  • Salman Khan asks for re-shoot of 'Character Dheela'
  • Ram Gopal Varma To Make A Film On Maria Susairaj Case
  • Health Condition of Sai Baba Stable Now
  • Full Authority to Legal Team Visiting Pakistan
  • Imran Khan drops his honeymoon
more

Syndicate

Syndicate content
  • About Current Waves
  • Letters to Editor
  • Current Waves Team
  • Privacy Policy
  • Contact Us
  • Report Errors
Current Waves Powered by Drupal PressFlow. Hosted by TopNews Media and brought to you by Current Waves Data Section.