The Company Law Board will hear the government's plea on Tuesday to take over the board of Maytas Properties, a firm promoted by the kin of former Satyam Computer Chairman B Ramalinga Raju.
The CLB earlier rejected Maytas Properties' prayer for some more time. It was opposed by the government saying it will delay the whole process.
On February 18, the government had moved CLB requesting to remove the existing directors of Maytas Infra and Maytas Properties, alleging that current management of the companies had conducted the business with fraudulent intent and breach of trust of stakeholders.
However, the CLB had refused to pass any ex-parte order over government's plea and directed to serve the copies of the petition to the companies and listed the matter for today's hearing.
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