‘Fraud against country’: FM Nirmala Sitharaman slams UPA govt over 2005 deal between Antrix and Devas

Finance Minister Nirmala Sitharaman on Tuesday hit out on the UPA authorities for the Antrix-Devas concern. Terming the Supreme Court (SC) order as very complete, she hit out on the earlier Congress-led authorities saying that the Antrix-Devas deal was signed throughout UPA and it was a fraud in opposition to India.
 

The Supreme Court on Monday had upheld the National Company Law Appellate Tribunal (NCLAT) order of winding up Devas (Digitally Enhanced Video and Audio Services) Multimedia Private Ltd, which in affiliation with Antrix Corporation, the industrial arm of the Indian Space Research Organisation (ISRO), aimed to ship video, multimedia and knowledge providers by way of satellite tv for pc to cell receivers in autos and cellphones throughout India.
The court docket said that it’s a case of “fraud of a huge magnitude which cannot be brushed under the carpet, as a private lis (suit)”.
The National Company Law Tribunal had ordered winding up of Devas on May 25, 2021 on a petition by Antrix. This was affirmed by NCLAT on September 8, 2021.
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