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SANJEEV SACHDEVA
Antrix Corporation Ltd. – Appellant
Versus
Devas Multimedia Private Limited – Respondent
| Table of Content |
|---|
| 1. challenge to arbitral award under section 34 (Para 1 , 2 , 3 , 4) |
| 2. contractual obligations and terminations (Para 8 , 9 , 34 , 35 , 37) |
| 3. details of contract and payments (Para 13 , 24 , 25 , 26 , 27) |
| 4. supreme court's findings on fraud and policy (Para 38 , 56 , 158) |
| 5. setting aside the arbitral award due to fraud (Para 173 , 174 , 175) |
JUDGMENT
Sanjeev Sachdeva, J.
1. Petitioner - Antrix Corporation Limited (hereinafter referred to as 'Antrix') by this petition under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as the Act) seeks setting aside of the Arbitral award dated 14.09.2015 passed by the Arbitral Tribunal constituted by the International Chamber of Commerce allowing the claim of the Respondent - Devas Multimedia Private Limited (hereinafter referred to as 'Devas').
2. Antrix sought winding up of Devas under Section 271 (c) read with Section 272 (1)(e) of the COMPANIES ACT , 2013 before the National Company Law Tribunal (hereinafter referred to as 'NCLT') alleging that Devas was formed for a fraudulent and unlawful purpose and its affairs had been conducted in a fraudulent manner. On 19.01.2021, a Provisional Liquidato
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