There is some good news about Maytas Infrastructure. Banks have agreed to restructure the debt that Maytas has and the principal can be repaid over 10 years.

Deepak Parekh and his team of government nominees on the board of Satyam seem to be all set on making an exit. With the company in safe hands and Tech Mahindra restructuring the management, the government is now making its move to disband its nominee directors from Satyam.

NDTV learnt from sources that the government plans to approach the company law board in the next 2 days to ask for withdrawal of the government nominees from the company's board.

However, only in a phased manner with at least two members retained. All this to ensure safe and smooth running of the company till all the technicalities and modalities are worked out and according to sources, the Company Law Board will pass its order within a week of the government approaching it.

So, while Satyam is on the path of recovery, another company still connected to Ramalinga Raju, Maytas Infra is also seeing some hope with around 18 banks having given its nod for a restructuring of its liabilities.

Corporate debt restructuring worth Rs 1600 crore has been approved and that includes an infusion of Rs 100 crore of working capital, an immediate availability of Rs 200 crore as bank guarantees and yet another Rs 300 crore as bank guarantees in the next 3 months. The relief will also include a 3-year moratorium on loan payment.

These benefits, however, come with a catch. The promoters of Maytas Infra have been asked to provide Rs 35 crore in the next 24 months as a pledge for the cash infusion, a clear reminder that all is not right within the company and even while the banks like SBI, ICICI and PNB are willing to give a helping hand, they clearly are being mindful of its legacy.