Devas gets protection against coercive actionhttps://indianexpress.com/article/news-archive/web/devas-gets-protection-against-coercive-action/

Devas gets protection against coercive action

Delhi High Court today gave Devas Multimedia protection from any coercive action over its contract with Antrix Corporation.

The Delhi High Court today gave Devas Multimedia protection from any coercive action over its contract with Antrix Corporation.

Devas had gone to court citing eight show-cause notices served on it by the Registrar of Companies,Karnataka,on May 7.

Its counsel,senior advocate Rajiv Nayyar,said these notices were in violation of the court’s previous order directing that no coercive action be taken against it by the authorities.

One of the notices by the Registrar of Companies asked Bangalore-based Devas why its registration as a company not be cancelled for violating provisions of the Companies Act.

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Some of the aberrations as recorded in the notices pertain to allegedly not recording minutes of proceedings of meetings,not keeping proper books of account and not furnishing desired information regarding its deal with Antrix.

Devas had last year moved the court against notices issued to it for investigation under the Companies Act.

It had also asked for quashing summons to its Company Secretary for examination.

As Devas agreed to supply most of the required documents,the court had said no coercive steps should be taken against it.

The deal between Devas and Antrix,a wing of the ISRO,had been scrapped following allegations of wrongful allotment of S-band frequency.