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Antrix Devas deal
ANTRIX DEVAS DEAL NEWS
India asks US Supreme Court to respect comity of nations in Antrix-Devas dispute over failed satellite deal
March 04, 2025 10:27 pm
When the oral arguments in the dispute over the $1.2 billion arbitration award were allowed by the US Supreme Court, the counsel for Antrix Corporation argued that the case ‘serves as an irritant to the Indian government’.
US Supreme Court allows reconsideration of plea of Devas Multimedia investors seeking $1.2 bn compensation over failed satellite deal with Isro’s Antrix Corp
October 14, 2024 4:27 pm
The foreign investors of Devas Multimedia that have approached the US Supreme Court are CC/Devas (Mauritius) Limited; Devas Multimedia America Inc; Devas Employees Mauritius Private Limited; and Telcom Devas Mauritius Limited.
Court in The Hague rejects Indian govt plea against $111-million award to Devas investors
November 05, 2023 9:32 am
The district court, in an October 25 order, rejected the government's plea to consider the Supreme Court order as fresh evidence of wrongdoing by Devas Multimedia in the process of securing the 2005 satellite deal with Antrix Corp.
US court rejects plea by Devas Multimedia’s foreign investors to allow parent firms to intervene in global legal battle
June 15, 2023 3:12 pm
Three Mauritius-based investors in Devas Multimedia along with Devas Multimedia America Inc, a US arm of Devas, had approached the court expressing fears of moves by Mauritius officials to liquidate the firms at India’s instance.
Antrix-Devas deal: Delhi HC upholds order setting aside 2015 arbitral award
March 18, 2023 10:07 am
The bench said that the SC is the final court and once it lays down a law, it is “binding on all courts, Tribunals, on the Legislature and the Executive”.
Failed Antrix deal: Court in US allows 3 Devas investors to seize $87,000 from Intelsat
August 20, 2022 7:51 am
In a recent order, the court rejected a plea by Intelsat to stay the efforts by the Devas investors to seize its assets. Subsequently, on July 29, the court asked Intelsat to hand a cheque for $87,457 to Devas Multimedia America Inc, the US arm of Devas.
Failed 2005 satellite deal: US court refuses to stop Devas access to details of Antrix deal with US space firm
July 20, 2022 11:11 am
Antrix had sought a stay on the order while it filed an appeal against the order—to recover compensation to the tune of $ 111 million awarded to Devas Multimedia over the cancellation of the 2005 satellite deal.
Antrix Deal: As it prosecuted Devas, ex-ISRO officials, Govt sought ‘settlement’
July 19, 2022 8:20 am
The biggest compensation granted to Devas has been a September 2015 ICC tribunal award of over $1.2 billion, which was confirmed by a US federal court in October 2020. Antrix Corporation has filed an appeal against this order.
Citing Supreme Court order, govt slams Congress, UPA on Antrix-Devas ‘fraud’ deal
January 19, 2022 1:30 am
Addressing the media, Union Finance Minister Nirmala Sitharaman hailed the Supreme Court decision as very comprehensive and hit out at the UPA government for the Antrix-Devas deal.
Supreme Court upholds NCLAT order to wind up Devas
January 19, 2022 1:31 am
The court stated that it is a case of “fraud of a huge magnitude which cannot be brushed under the carpet, as a private lis (suit)”.
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