Government To Oppose International Award To Devas, Says Finance Minister
Government will oppose the international award given to Devas Multimedia Limited after the Supreme Court upheld NCLAT's order to wind up the company
Source: ndtv.com
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Antrix-Devas deal is fraud of Congress, by Congress, for Congress, says finance minister Sitharaman
Union Minister of Finance Nirmala Sitharaman said on Tuesday that the 2005 deal between ISRO's commercial arm Antrix and privately-owned Devas Multimedia was a "fraud of the Congress, by the Congress and for the Congress".
Source: indiatoday.in
Antrix-Devas Case: India To Use Supreme Court Order To Defend Position In Devas Arbitration
The Indian government will use the Supreme Court order upholding liquidation of Devas Multimedia Pvt. to fight the enforcement of arbitration awards being sought by the company in courts across the world.
Source: bloombergquint.com
Supreme Court Upholds Winding Up Of Devas Multimedia
The Supreme Court on Monday upheld the winding up of Devas Multimedia saying," it is a case of fraud of a huge magnitude which cannot be brushed under the carpet, as a private lis".
Source: ndtv.com
Liquidation of Devas to begin soon says FM; tears into UPA for perpetrating a fraud on people
A day after the Supreme Court upheld liquidation of Devas multimedia, FM Nirmala Sithraman hit out at the former Congress-led UPA government of misusing its power to give away a rare endowment of people, the S-Band spectrum, used for national security purposes, for 2005 Antrix-Devas deal.
Source: deccanherald.com