The Bengaluru bench of the NCLT has 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 by entering into an agreement in 2005, which was subsequently cancelled by the government.
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Sunday, May 30, 2021
NCLT directs liquidation of Devas Multimedia, allows petition by ISRO's Antrix Corp
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