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Antrix

Devas faces Canadian appeal against award

The ongoing legal process between Devas Multimedia and India’s State Research Organisation (ISRO) has suffered something of a set-back in a Canadian court. Devas Multimedia has won numerous actions against ISRO and its commercial arm Antrix in its claim for $1.2 billion already awarded by the International Chamber of Commerce (ICC) and confirmed by the […]

February 22, 2022

Devas hits back at Indian government

The long-running suite of legal problems that surround the 2005 failed deal between India’s Space Research Organisation (ISRO) and its Antrix commercial arm show no sign of abating. Devas Multimedia, which signed a capacity deal with ISRO’s Antrix division, and despite having allegations of fraud set against Devas and certain ISRO employees, has now issued […]

February 7, 2022By Chris Forrester

Devas vs Antrix: India acts

The long-running and hugely expensive legal action between Devas Multimedia and the Antrix commercial arm of the Indian State Research Organisation (ISRO) has seen a ruling from India’s Supreme Court. The Court threw out the case brought by Devas. The Court’s ruling said: “We find all the grounds of attack to the concurrent orders of […]

January 19, 2022By Chris Forrester

Devas wins arbitration award against ISRO

Devas Multimedia, in its very long-running dispute with India’s Space Research Organisation (ISRO) and its commercial arm Antrix, has won approval on January 3rd to target assets held in Virginia and to enforce a previous arbitration award. ISRO was described in court as attempting a “brazen” plot hatched at its HQ in New Delhi to […]

January 5, 2022

Report: Decline in turnover of FSS operators

Dataxis has published its latest report on the Fixed Satellite Services (FSS) civil communications market. After years of significant growth, the decline in traditional video activity in the most developed countries is being sustained, resulting in a limited but steady decline in the turnover of FSS operators. The outlook for the future is equally becoming […]

December 15, 2021

Antrix, Devas litigation rumbles on

The very long-running dispute between India’s ISRO Antrix commercial division and a (then) satellite agreement with Devas Multimedia, commenced in 2005, continues to very slowly process through various courts and administrations. In essence, Devas has been awarded $1.2 billion, plus interest, in compensation by an international tribunal. The latest chapter saw Antrix saying in a […]

December 3, 2021

US allows Devas to seize ISRO/Antrix assets

The long-running $1.8 billion legal dispute between Devas Multimedia and Antrix, the commercial arm of India’s Space Research Organisation (ISRO), received a major boost for Devas investors from a US federal court. In an August 16th order, the US federal court in Washington DC, granted permission to a group of Devas investors (CC/Devas Mauritius, Telcom […]

August 19, 2021By Chris Forrester

India’s Supreme Court dismisses Devas claim

The Devas vs Antrix law-suit rumbles on. India’s Supreme Court this week dismissed an application from Devas Multimedia to restrain the liquidator from taking any action pending upcoming arbitration proceedings due to heard before the High Court of India in Delhi. Devas is pursuing its claim of $562.5 million plus interest against Antrix. However, on […]

June 17, 2021By Chris Forrester

India halts ISRO/Antrix payment to Devas

Last week a US Federal Court upheld a previous verdict from the International Court of Commerce (delivered on September 14th) that India Space Research Organisation and its commercial arm Antrix must pay a total of $1.2 billion to Devas Multimedia. However, November 4th saw India’s Supreme Court stay the award.  The judges, headed by Chief […]

November 6, 2020By Chris Forrester

Antrix hit with $1.2bn verdict

The commercial arm of the Indian Space Research Organisation, Antrix, has been ordered by a US Federal Court in an arbitration to pay $1.2 billion to Devas Multimedia. The US federal court for the Western District (in Washington) has confirmed an arbitration award made by the International Court of Commerce on September 14th 2015, in […]

October 30, 2020By Chris Forrester