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Govt asks Antrix to file petition to wind up Devas Multimedia


Govt asks Antrix to file petition to wind up Devas Multimedia
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Last Updated: Jan 18, 2021, 08:16 PM IST
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Synopsis
The Ministry of Corporate Affairs has cited a rule in the Companies Act, 1956 that allows a petitioner to file for the winding up of a company if it has, in the petitioner’s opinion, been formed for “fraudulent and unlawful purposes”.
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BENGALURU: The government has directed Antrix Corporation, the commercial arm of India s space agency, to file a petition to wind up Devas Multimedia, a Bengaluru-based firm that has filed lawsuits seeking hundreds of millions of dollars in compensation from it over a cancelled satellite deal. ....

United States , Rakesh Sasibushan , Ajay Prasad , Telecom Ventures , Vantrix Corp , Deutsche Telekom , Kocchar Co , Ministry Of Corporate Affairs , India Supreme Court , National Company Law Tribunal , Antrix Corporation , Devas Multimedia , Corporate Affairs , Companies Act , Columbia Capital , Supreme Court , Money Laundering Act , Space Agency , ஒன்றுபட்டது மாநிலங்களில் , அஜய பிரசாத் , தொலை தொடர்பு முயற்சிகள் , ஆன்ட்ரிக்ஸ் கார்ப் , டாய்ச் டெலிகாம் , அமைச்சகம் ஆஃப் பெருநிறுவன வாழ்க்கைத்தொழில்கள் , இந்தியா உச்ச நீதிமன்றம் , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் ,