SC to hear investors' plea against Satyam


Kanpur-based consumer protection organisation Midas Touch had earlier moved a consumer court in this regard. However, the National Consumer Disputes Redressal Commission (NCDRC) had expressed its inability to take up the plea.

“We are of the view that the issues in complaint cannot be examined in summary jurisdiction under Consumer Protection Act, 1986 by this Commission. Accordingly the complaint is dismissed,” NCDRC had held.

The plea before NCDRC sought a compensation of Rs 4,987.5 crore for three lakh retail shareholders of Satyam.

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