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Centre in talks to address legal hurdles in liquidating Devas Multimedia

Officials discussed the Companies Act and its implementation under the mutual legal assistance treaty (MLAT)

A judge hitting gavel with paper at wooden table. (Photo: Shutterstock)
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Devas had approached the Delhi High Court for enforcing a $562-million international arbitration tribunal award against Antrix. (Photo: Shutterstock)

Shrimi Choudhary New Delhi
The government is considering multiple legal options to preclude challenges while proceeding with winding up Bengaluru-based Devas Multimedia and seizing the company’s and its promoters’ assets abroad.

In a recent meeting at North Block, officials of the finance ministry, corporate affairs ministry, and investigative agencies discussed legal strategies and a road map on this, said two people privy to the discussion.

Officials discussed the Companies Act and its implementation under the mutual legal assistance treaty (MLAT).

“The legalities and scope of the MLAT are wide and it is important to check as to whether the treaty recognised fraud as a

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First Published: May 27 2022 | 6:00 AM IST

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