Solicitor General Mehta successfully convinces the NCLT to appoint a government liquidator to wind up Devas. In its ruling, the NCLT concluded that Antrix had, “prima facie proved that [Devas] has resorted [to] various frauds, misfeasance, connived with officials etc. in obtaining” the Agreement – even though neither Antrix nor the Government of India alleged fraud during the arbitration proceedings.
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- January 19, 2021