SC : Del HC can be Approached by CAPF Personnel for Service Disputes || Delhi HC: Khurram Parvez Granted Bail in UAPA Case || Allahabad HC: Magistrates, Police Personally Liable for Illegal Detention || Bombay HC: No Case for Prior Restraint Against HDFC || &K : Stalling Registration of Sale Deed over Pending Clarification from Higher Auth. Not Acceptable || GujHC : Without Proving Acc. Holder’s Hand in Criminal Case Freezing Acc against Fundamental Right || Mad HC :Waqf Board Can’t Take Control over Every Grave of Dargah Automatically || Del HC : Remove Posts Calling Sitting Judge “Murderer” || Mad HC :Waqf Board Can’t Take Control over Every Grave of Dargah Automatically || Supreme Court: Seeks CBSE Reply on Gulf Students’ Plea

NCLT, Bengaluru Orders Forcible Liquidation and Winding Up of Devas Multimedia - (27 May 2021)

COMPANY

National Company Law Tribunal, Bengaluru has ordered the forcible liquidation and winding up of Devas Multimedia by allowing a petition filed Indian Space Research Organization's commercial arm Antrix Corporation Limited. The Tribunal has held that Devas was incorporated in a "fraudulent manner to carry out unlawful purposes" and its management resorted to "fraudulent activities" in relation to the commercial contract with Antrix.

Tags : NATIONAL COMPANY LAW TRIBUNAL WINDING UP OF DEVAS MULTIMEDIA

Share :