The hearing of the forgery case filed by British mobile solution firm Upaid against Satyam Computer Services had not been scheduled for hearing during this week.
Upaid had filed a petition in the US Federal Court claiming fraud, forgery and breach of contract that had resulted in the company suffering damages in tune of over $1 billion.
The Federal Court of Texas, which is hearing the case, had asked for certain “information”. Satyam had provided the information during the weekend, sources close to the development told Business Standard.
However, they did not divulge the details of the “clarification” sought by the Texas court. The jury is yet to announce a date for the hearing and studying the details of the case the court will fix a date for hearing, they added.
This also means that no Satyam officials – neither B Ramalinga Raju, who stepped down as chairman of Satyam Computer after admitting to a financial fraud nor another other top official – is in the US for the case.
When contacted a Satyam spokesperson confirmed the development, and added that Raju was “very much” in Hyderabad. Earlier, there were reports that Raju may have left to the US for Upaid case.
Upaid had filed a petition in Texas seeking details of the $1.6 billion acquisition of two Maytas firms and had sought testimony from Ramalinga Raju, Chief Financial Officer Srinvas Vadlamani and Head of Corporate Governance Jayraman.