Delhi High Court provides Devas Multimedia Protection from Coercive Action
Corporate Current Affairs 2012. The Delhi High Court on 29 May 2012 ruled that the authorities can’t opt for any coercive measure against Devas Multimedia
The Delhi High Court on 29 May 2012 ruled that the authorities can’t opt for any coercive measure against Devas Multimedia over its contract with Antrix Corporation. Devas had moved to court as the Banglore-based company was slapped eight show-cause notices by the Registrar of Companies, Karnataka, on 7 May 2012.
Devas Multimedia’s councel Rajiv Nayyar, argued that these notices were in violation of the court’s previous order directing that no coercive action be taken against it by the authorities. In one of the eight notices served, the Registrar of Companies asked Devas why its registration as a company not be cancelled as it flagrantly violated the provisions of the Companies Act.
The court held that since the company agreed to supply most of the required documents, no coercive actions should be taken against it. The Devas - Antrix agreement was cancelled by the government following allegations of irregularities in the allocation of S-band frequency.