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How Satyam's damage claim will directly affect Raju
January 11, 2012

While we await details on that story, Mahindra Satyam, formerly Satyam Computer Services, is exercising caution on damages claimed in a suit filed against its former board of directors, certain employees and audit firm PWC to avoid paying a higher non-refundable court fee initially, sources said. 

According to sources, the company has to pay 1 per cent of the total damages claimed in the petition as court fee and in future, it may seek more damages once they settle all the issues.

The damage claim will assume significance once the trial against former Chairman B Ramalinga Raju and others in a local court is finished. If the judgement goes against the accused, the damages claim will have strength, sources explained.

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