Doris Smith

Student

Antrix petitioned the National Company Law Tribunal to dissolve Devas on the grounds that it was founded for "fraudulent purposes" a year ago. The NCLT found in favor of Antrix and ordered Devas to be liquidated. The verdict was contested before the NCLAT, which upheld the order of the NCLT. The case was then sent to the Supreme Court. In the beginning of this year, the supreme court affirmed the NCLAT's ruling and ordered the liquidation of Devas.