SC today dismissed plea filed by Devas Multimedia against NCLAT order, which had ruled that Devas was incorporated with a fraudulent motive to collude and connive with the then officials of Antrix Corporation.
Want is then?
2005.
Under Manmohan Singh-Sonia Gandhi rule.
1/5
Want is then?
2005.
Under Manmohan Singh-Sonia Gandhi rule.
1/5
The mind-boggling nature of the Devas deal, under the loot and plunder era of UPA from 2004-14, is such that it has few parallels.
The deal was signed in 2005.
Till 2010 the Space Commission was not even aware vital national resources had been fraudulently given away. 2/5
The deal was signed in 2005.
Till 2010 the Space Commission was not even aware vital national resources had been fraudulently given away. 2/5
When the 2G scam broke, the UPA, to save skin cancelled the deal. But its fraud did not stop.
1) UPA did not invoke National Security clause to annul, thereby leaving a door open for Devas to appeal.
2) UPA lied that S-band was not given to Devas.2005 agreement (pic): 3/5
1) UPA did not invoke National Security clause to annul, thereby leaving a door open for Devas to appeal.
2) UPA lied that S-band was not given to Devas.2005 agreement (pic): 3/5
Like Retrospective Tax mess, Oil Binds liability, non-payment of CST dues to states and the deliberate creation of NPA crisis, the Devas tangle was also a left-over landmine of UPA era that Modi government is defusing.
Loot & plunder era of UPA is still costing the nation. 4/5
Loot & plunder era of UPA is still costing the nation. 4/5
Devas won arbitrations BECAUSE UPA's annulment decision of 2011 was deliberately made legally weak to favor Devas once again.
Modi government's argument that Devas incorporation itself is fraudulent is what has been upheld in SC. Strengthens India's stand internationally. 5/5
Modi government's argument that Devas incorporation itself is fraudulent is what has been upheld in SC. Strengthens India's stand internationally. 5/5
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