Page 2 - Antrix Devas News Today

The National Company Law Appellate Tribunal(NCLAT), Chennai Bench, has refused to entertain an appeal filed by Devas Mauritius Employees Private Ltd - a shareholder of Devas Multimedia Private Ltd -...

The National Company Law Tribunal, Bengaluru, on Tuesday admitted the petition filed by Indian Space Research Organizations commercial arm Antrix Corporation Ltd to wind up Devas Multimedia under Sections 271 and 272 of the Companies Act 2013. Antrix Corporation sought the winding up of Devas Multimedia on the grounds that the Bengaluru-based companys affairs were being have been conducted in a "fraudulent manner", "the company was formed for fraudulent and unlawful purpose", "the persons conce...