Antrix Devas deal

Antrix Devas deal News

Bengaluru court has jurisdiction to hear Antrix-Devas dispute: Delhi HC

Antrix, in its 2011 plea in Bengaluru, had sought directions to Devas for restraining it from proceeding with the ICC arbitration, contrary to the agreement between them, and from getting it modified by the ICC.

Antrix-Devas deal case: Former ISRO chief granted bail by court

The case relates to leasing of S-Band, a restricted wavelength of the INSAT satellites to deliver video, multimedia and information services to mobile receivers in vehicles and mobile phones to Devas Multimedia by Antrix.

Advertising

Antrix-Devas deal: CBI sends judicial requests to four countries

Letters Rogatory were recently sent to France, US, Mauritius and Singapore. An investment in Devas Multimedia Pvt Limited from four companies (one based in Singapore and three based in Mauritius) amounting to $130 million is under the scanner of CBI

Records show ex-ISRO chief Radhakrishnan ignored key advice on Devas breach

While steps were being taken in 2010 to cancel the agreement, communication scientist S V Kibe and Financial Advisor G Balachandhran had informed Radhakrishnan that Devas was in violation of the agreement because it did not own the technology it was planning to deploy

Panel that fined Antrix $672 m said ISRO chief was in conflict of interest

The tribunal noted that the then Antrix chairman Dr K Radhakrishnan was also chairman of ISRO, chairman of the Space Commission and secretary, Department of Space (DoS).

Antrix-Devas deal: CBI questions former ISRO chairman Radhakrishnan

Sources said Radhakrishnan was called to the Antrix headquarters, and questioned for about two and a half hours.

Advertising

$672 mn arbitration award: ISRO arm messed case before losing to Devas

Antrix did not challenge appointment of chairman of arbitral tribunal as a case of conflict of interest.

Antrix-Devas deal: Government to field top lawyers in Delhi High Court

The government hopes to prove in court that the deal was scrapped by the previous UPA government due to illegalities and irregularities in the contract between Antrix and Devas.

The story of a Rs 4,400 crore fiasco at ISRO

An investigation under the Companies Act was launched against Devas, which, meanwhile, had approached the courts seeking damages for cancellation of the agreement.

Antrix-Devas deal: CBI files case against senior officials

It is alleged that the agreement caused a wrongful gain of Rs 578 crore to Devas and its owners.

Advertising