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Satyam: Investors' body files PIL, next hearing on Jan 22

January 14, 2009 15:00 IST

Bombay high court on Wednesday adjourned till January 22 the hearing on PIL seeking measures for protecting small investors in the wake of the Satyam [Get Quote] scam, filed by the Investors' Grievances Forum.

BJP leader and a former MP Kirit Somaiya, president of the forum, told reporters that the matter was mentioned before the court on Wednesday and the counsels for the forum argued the urgency of the case before Chief Justice Swatanter Kumar and Justice D Y Chandrachud.

The petitioners have been allowed to serve the noticesĀ on the respondents, which include the Institute of Chartered Accounts of India, PricewaterhouseCoopers, the two stock exchanges, Sebi, besides Satyam promoters and former directors.

Advocates Darshan Mehta and Nishant Shashidharan appeared for the petitioners.



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