NCLT admits ISRO-arm Antrix Corp. plea to liquidate Devas multimedia for obtaining contract from Govt. through fraud

COMPANY LAW : Where prima facie it was proved that respondent No. 1 company was incorporated and obtained a contract from Government of India within one and half months of its incorporation without having any technical experience, by resorting to various frauds, misfeasance, connived with officials etc., provisional liquidator was to be appointed to take into his custody or control all property, effects and actionable claims to which respondent No. 1 company was or appeared to be entitled to,

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