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Devas Multimedia first case of winding up on company on grounds of fraud

The Supreme Court on Monday upheld the National Company Law Appellate Tribunal order, passed in September last year, directing for winding up of Devas Multimedia, which made it a first case of winding up a company on ground of fraud. ....

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Devas v. Antrix: Supreme Court upholds NCLAT judgment ordering winding up of Devas Multimedia

Supreme Court has held that it is not possible for the top court "to set aside the order of winding up, on the sole ground that the shareholders application for impleadment as well as the appeal were rejected wrongly" ....

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After Retro Tax, Modi Government Should Be Ready To Swallow Bitter Devas Pill Too

After Retro Tax, Modi Government Should Be Ready To Swallow Bitter Devas Pill Too
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Paris court allows Devas shareholders to seize govt's apartment in city's upmarket area

"India has assets like this all over the world. This is just the beginning. We're planning many more seizures," said Jay Newman, senior adviser to Devas Shareholders. ....

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Paris court awards Devas shareholders claim on govt's flat worth 3.8 mn euros

"India has assets like this all over the world. This is just the beginning. We're planning many more seizures," said Jay Newman, senior adviser to Devas Shareholders. ....

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