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Antrix-Devas
ANTRIX-DEVAS NEWS
US Supreme Court reverses order which provided relief to Government of India in dispute over $1.2 billion award for failed 2005 Devas-Antrix satellite deal
June 07, 2025 2:29 am
The UPA government annulled the 2005 Devas-Antrix satellite deal in February 2011, citing the requirement of space spectrum allocated for the satellite services of Devas for security needs.
2005 Antrix-Devas deal : Singapore court dismisses India’s appeal against $101 million award to German firm
January 05, 2024 8:22 am
The Singapore Court of Appeals dismissed the Indian appeal stating that most of the issues raised in the plea had been addressed during the arbitration by the Permanent Court of Arbitration in Geneva and subsequently by the Swiss Federal Supreme Court.
A big blow to India: Canadian court's decision in Antrix-Devas matter shows the issue is far from resolved
February 11, 2023 9:13 am
India is surely going to raise this argument again. The last word has not been said on this protracted legal ordeal
Antrix-Devas deal: Delhi HC sets aside award favouring Devas
August 30, 2022 6:56 am
Antrix had entered into a contract for the lease of a part space segment capacity on a communication satellite and an option to gain additional capacity on another satellite to Devas for 12 years.
US court stays Devas foreign investors over $111 million award
March 26, 2022 7:46 am
The Devas-Antrix deal was annulled by the Indian government in 2005.
Devas-Antrix feud: Bengaluru court rejects ED plea for proclamation order against US-based Devas CEO
March 09, 2022 9:33 am
The ED sought a proclamation order against Ramachandran Vishwanathan in order to compel the Devas executive to present himself in the special court in Bengaluru for the start of the trial of a money laundering case filed against him.
The fraudulent seeds, bitters fruits of the Antrix-Devas case
January 25, 2022 9:15 am
🔴 Ravi Shankar Prasad writes: The Supreme Court's historic judgment underscores how corruption marked UPA government’s decision-making
Govt moves to wind up Devas, $1.2 bn award still pending
January 19, 2021 5:23 am
In a notification issued Monday, the MCA has authorised Rakesh Sasibhushan, Chairman-cum-Managing Director, Antrix, to present the petition on the grounds specified under clause (c) of Sub-section (1) of Section 271 of the Companies Act.
US court: No need for Antrix to pay $1.1 billion deposit
August 01, 2019 4:49 am
Antrix Corporation has countered the case filed in the US court by Devas Multimedia, claiming that the firm does not come under the purview of US law.
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