Antrix Corporation

Antrix Corporation News

Antrix opposes Devas plea over tribunal award in HC

The Paris-based ICC's arbitration body had asked Antrix to pay damages worth $672 million to Devas Multimedia for “unlawfully” terminating the deal, citing national security.

SC rejects Antrix plea to move arbitration court against Devas

Says Devas has already initiated arbitration proceedings.


S-band spectrum: SC junks Antrix plea against Devas

Court says Devas entitled to initiate arbitration proceeding.

Devas gets protection against coercive action

Delhi High Court today gave Devas Multimedia protection from any coercive action over its contract with Antrix Corporation.

Devas deal: CAG report indicts ex-ISRO chief

A CAG audit,that specifically examined this 2005 agreement,has concluded that “undue favours” were extended to the Bangalore-based Devas Multimedia by the DoS that “bypassed several important controls”.

SC stays Devas arbitration proceedings against Antrix

Court listed it for 'further discussion',but arbitration proceedings have been derailed for now.


Antrix files pleas against Devas moving ICC for arbitration

A hearing was held,and the cases have been adjourned to February 25

Members of PM science panel slam Govt’s ISRO blacklist

Kakodkar also wondered about the fallout.

Govt action gives handle to Devas,says scientist

The core issue of the value of the deal to ISRO and Indian space business has been completely missed throughout.

None of our officials decided spectrum lease to Devas: ISRO

ISRO said none of its officials or those from Antrix Corporation or Space department was involved in the deal.