This Company Appeal (AT) (CH) No. 02 / 2021 arises from an order dated 19.01.2021 passed by the National Company Law Tribunal, Bengaluru Bench in company Petition No.06/BB/2021. The appeal was filed under Section 421 of the Companies Act, 2013 read with Rule 22 of National Company Law Tribunal Rules, 2016. The appellant, Devas Employees Mauritius Private Limited, a shareholder of Devas Multimedia Private Limited, challenged the appointment of a Provisional Liquidator for Devas Multimedia Private Limited. The NCLT had appointed the Provisional Liquidator based on a petition seeking the winding up of Devas Multimedia Private Limited, alleging fraudulent conduct of its affairs.
Devas Employees Mauritius Private Limited, a shareholder of Devas Multimedia Private Limited, filed an appeal against the order dated 19.01.2021 passed by the National Company Law Tribunal (NCLT), Bengaluru Bench, in Company Petition No.06/BB/2021. The NCLT order appointed a Provisional Liquidator for Devas Multimedia Private Limited based on allegations of fraudulent conduct. Devas Employees Mauritius Private Limited claimed that the NCLT order violated principles of natural justice and procedural safeguards. Devas Multimedia Private Limited was engaged in the business of delivering broadband wireless access and audio-visual services through an integrated hybrid satellite and terrestrial communications system. It entered into an agreement dated 28.1.2005 with Antrix
…Sign in to view the parties.
Devas Multimedia Private Limited entered…
Foreign Investment Promotion Board (`FIPB')…
Sign in to view related legal provisions.
This Company Appeal (AT) (CH) No. 02 / 2021 arises from an order dated 19.01.2021 passed by the National Company Law Tribunal, Bengaluru Bench in company Petition No.06/BB/2021. The appeal was filed under Section 421 of the Companies Act, 2013 read with Rule 22 of National Company Law Tribunal Rules, 2016. The appellant, Devas Employees Mauritius Private Limited, a shareholder of Devas Multimedia Private Limited, challenged the appointment of a Provisional Liquidator for Devas Multimedia Private Limited. The NCLT had appointed the Provisional Liquidator based on a petition seeking the winding up of Devas Multimedia Private Limited, alleging fraudulent conduct of its affairs.
Devas Employees Mauritius Private Limited, a shareholder of Devas Multimedia Private Limited, filed an appeal against the order dated 19.01.2021 passed by the National Company Law Tribunal (NCLT), Bengaluru Bench, in Company Petition No.06/BB/2021. The NCLT order appointed a Provisional Liquidator for Devas Multimedia Private Limited based on allegations of fraudulent conduct. Devas Employees Mauritius Private Limited claimed that the NCLT order violated principles of natural justice and procedural safeguards. Devas Multimedia Private Limited was engaged in the business of delivering broadband wireless access and audio-visual services through an integrated hybrid satellite and terrestrial communications system. It entered into an agreement dated 28.1.2005 with Antrix
…Devas Multimedia Private Limited entered…
Foreign Investment Promotion Board (`FIPB')…
Sign in to view related legal provisions.