NCLAT dismisses Devas Multimedia's plea against its winding up - Business News: Latest News & Videos about market and economy | Trendmergers

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NCLAT dismisses Devas Multimedia's plea against its winding up

Earlier this year, Antrix moved the National Company Law Tribunal to wind up Devas Multimedia over charges of fraud. Following this, Devas’ shareholders stepped in to collect on the $1.3 billion award, and have found favour in courts in the UK and the US to do so, which have ruled against Antrix’s efforts to derail the case so far.

from Industry-Economic Times
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