SC junks Devas Multimedia's appeal against NCLAT order
The Hindu
The NCLT had said Devas Multimedia was incorporated with a fraudulent motive to collude and connive with the then officials of Antrix Corporation to get bandwidth from it.
The Supreme Court on Monday junked an appeal filed bychallenging an order to wind up the company.
A bench comprising Justice Hemant Gupta and Justice V. Ramasubramanian dismissed the appeal filed by Devas Multimedia Pvt Ltd.
The National Company Law Tribunal (NCLAT) had upheld the earlier order of the Bengaluru bench of the National Company Law Tribunal (NCLT), which had on May 25, 2021 directed winding up of Devas Multimedia and appointed a provisional liquidator for the purpose.
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