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Despite a winding-up order by the Supreme Court, shareholders of Devas Multimedia Pvt Ltd say they will continue the pursuit of Indian assets across the globe and will not be deterred by the Indian government’s attempts to obstruct justice.
New Delhi, January 17 The Supreme Court on Monday upheld the National Company Law Appellate Tribunal (NCLAT) order winding up Devas Multimedia Private Ltd at the instance of Antrix — the commer
The company has been locked in a decade-long legal battle against Antrix which filed a petition seeking to wind it up in January last year
Nirmala Sitharaman in a press conference said that deal between ISRO`s commercial arm Antrix and Devas Multimedia was signed in 2005 is a "fraud against the country."
Finance Minister Nirmala Sitharaman today said the Supreme Court's order on the 2005 Antrix-Devas deal was "proof of the Congress's misuse of power".