Devas shareholders to continue seizing Indian assets abroad
Devas shareholders to continue seizing Indian assets abroad
Stay updated with breaking news from Devas Multimedia. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Devas shareholders to continue seizing Indian assets abroad
Unfazed by Supreme Court upholding winding up of the company, shareholders of Devas Multimedia will continue to seek seizure of overseas Indian assets
‘A better approach for the Modi govt would be to return to the negotiating table, and continue with settlement talks’
With the Supreme Court upholding the winding up of Devas Multimedia, the Union Government has decided to use this judgment to fight the arbitration battle against the beleaguered private company and r
In sum, there are two key conclusions that one can draw from the Devas saga. First, the UPA government made a horrendous mistake of cancelling the contract without offering the correct reason. Second, the mistake of the NDA government was its botched-up litigation strategy. In both instances, it is India’s abysmal state capacity and capricious regulatory behaviour that stands exposed to the international community at large, writes Prabhash Ranjan.