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Antrix-Devas: Government’s ‘Winding-Up’ Move A Masterstroke Or Desperate Attempt?
India moves to wind-up Devas Multimedia- the entity that has two favourable arbitration orders against the government.
23 Jan 2021, 02:47 PM IST
Rarely do tribunals move as swiftly as the Bengaluru bench has in the Antrix-Devas matter. Just a day after the central government directed Antrix Corporation Ltd. to file a winding up petition against Devas Multimedia Pvt. Ltd., the bench appointed a provisional liquidator.This even as the enforcement hearing for the $1.2 billion arbitral award is due to start at the Delhi High Court. Devas is seeking to enforce the 2016 arbitral aw...
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