Antrix-Devas scam: Karnataka High Court imposes ₹5 lakh costs on Devas shareholder for abuse of process of law, ‘proxy war’

The Court also dismissed a challenge to the constitutional validity of Section 272(1)(e) of the Companies Act, which allows a person authorised by the Central government to present a winding up petition to the NCLT.
Karnataka High Court
Karnataka High Court

The Karnataka High Court recently imposed costs of Rs. 5 lakh on Devas Employees’ Mauritius Private Limited (petitioner) for filing a petition on behalf of Devas Multimedia, which is facing money laundering and other charges for its allegedly fraudulent agreement on bandwidth facilities with Antrix Corporation.

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