The Bombay High Court today continued its stay on the production warrant against B Ramalinga Raju, former chairman of Satyam, and directed a local court to expedite hearing on his application for transfer of a cheating case to Hyderabad.
A shareholder of Satyam, C Anthony Lewis, has filed a complaint of cheating against Raju and his brother Ramaraju B in a metropolitan magistrate here saying that they misled the shareholders.
Raju's lawyer had approached the High Court, after the magistrate issued production warrant against Raju and his brother in November last year.
The High Court had in December last year stayed the production warrant.
Justice S C Dharmadhikari, today directed for the stay to continue and asked the magistrate to dispose of within six weeks the application made by Raju under section 210 of CrPC seeking transfer of the case to a court in Hyderabad.
Since Raju is already facing trial related to the alleged scam at special court in Hyderabad, the case should be shifted there, his lawyers argued.
The HC today observed the magistrate's order of issuance of production warrant was "confusing and contradictory".
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