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 […]
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 […]
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 […]