Supreme Court of India · 2022-01-17
DEVAS MULTIMEDIA PRIVATE LIMITED vs ANTRIX CORPORATION LIMITED
- Citation / case number
- SC 2021/22244
- Court
- Supreme Court of India
- Petitioner
- DEVAS MULTIMEDIA PRIVATE LIMITED
- Respondent
- ANTRIX CORPORATION LIMITED
- Author
- HON'BLE MR. JUSTICE V. RAMASUBRAMANIAN
- Bench
- HON'BLE MR. JUSTICE V. RAMASUBRAMANIAN HON'BLE MR. JUSTICE HEMANT GUPTA
Judgment text excerpt
The Supreme Court addressed the appeals challenging the winding up order of Devas Multimedia Private Limited by the National Company Law Tribunal under Section 271(c) of the Companies Act, 2013. The court examined the legal grounds for winding up and the implications for the shareholders involved. Ultimately, the court upheld the winding up order, affirming the decisions of the lower tribunals and clarifying the legal standards applicable in such cases.