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