Satyam Fraud
Andhra High Court
Ledalla Ravichandar And Another vs M/S Satyam Computer Services ... on 7 February, 2011
THE HON'BLE SRI JUSTICE N.R.L. NAGESWARA RAO
CITY CIVIL COURT APPEAL No. 259 OF 2002
07-02-2011
Ledalla Ravichandar and another
M/s Satyam Computer Services Limited, A Public Limited Company, represented by Authorised Signatory
Counsel for the Appellants: Ledalla Ravichandar and another
Counsel for the Respondent: M/s Satyam Computer Services Limited, a Public Limited Company Rep. by authorised Signatory.
:JUDGMENT:
The City Civil Court Appeal is filed by the defendants in O.S.No.327 of 1994 on the file of the III Senior Civil Judge, City Civil Courts, Secunderabad, are the appellants herein. The suit was filed for recovery of Rs.2,00,000/-.
2. According to the case of the plaintiff, the first defendant was offered as Programmer Trainee vide letter dated 26-03-1993 on a consolidated stipend of Rs.2,250/- per month and the first defendant signed the letter of appointment on 05-04-1993 agreeing the terms and he underwent training. As guaranteeing the due performance of the terms, the second defendant stood as a surety and both the defendants executed a surety bond on 27-04-1993 and subsequently, the first defendant joined on 03-05-1993, at programme training and was paid stipend at the rate of Rs.2,250/- per month and after successful completion of the training, he was absorbed into the plaintiff company as Software Engineer vide appointment letter, dated 15-12-1993 with retrospective effect i.e., from 01-10- 1993. But, however, the first defendant left the services abruptly from 12-07- 1994 onwards. As per the terms of the contract, the defendants have to pay liquidated damages of Rs.2,00,000/- and stipend charges and also the expenses incurred by the plaintiff. Totally, the plaintiff claimed a sum of Rs.2,78,500/- as due, but confined to the liquidated damages of Rs.2,00,000/-.
4. The defendants filed a written statement, denying
Ledalla Ravichandar And Another vs M/S Satyam Computer Services ... on 7 February, 2011
THE HON'BLE SRI JUSTICE N.R.L. NAGESWARA RAO
CITY CIVIL COURT APPEAL No. 259 OF 2002
07-02-2011
Ledalla Ravichandar and another
M/s Satyam Computer Services Limited, A Public Limited Company, represented by Authorised Signatory
Counsel for the Appellants: Ledalla Ravichandar and another
Counsel for the Respondent: M/s Satyam Computer Services Limited, a Public Limited Company Rep. by authorised Signatory.
:JUDGMENT:
The City Civil Court Appeal is filed by the defendants in O.S.No.327 of 1994 on the file of the III Senior Civil Judge, City Civil Courts, Secunderabad, are the appellants herein. The suit was filed for recovery of Rs.2,00,000/-.
2. According to the case of the plaintiff, the first defendant was offered as Programmer Trainee vide letter dated 26-03-1993 on a consolidated stipend of Rs.2,250/- per month and the first defendant signed the letter of appointment on 05-04-1993 agreeing the terms and he underwent training. As guaranteeing the due performance of the terms, the second defendant stood as a surety and both the defendants executed a surety bond on 27-04-1993 and subsequently, the first defendant joined on 03-05-1993, at programme training and was paid stipend at the rate of Rs.2,250/- per month and after successful completion of the training, he was absorbed into the plaintiff company as Software Engineer vide appointment letter, dated 15-12-1993 with retrospective effect i.e., from 01-10- 1993. But, however, the first defendant left the services abruptly from 12-07- 1994 onwards. As per the terms of the contract, the defendants have to pay liquidated damages of Rs.2,00,000/- and stipend charges and also the expenses incurred by the plaintiff. Totally, the plaintiff claimed a sum of Rs.2,78,500/- as due, but confined to the liquidated damages of Rs.2,00,000/-.
4. The defendants filed a written statement, denying