February 03, 2019 4:03 am
It was alleged in an FIR that the lease was given in violation of rules, causing an undue gain of Rs 578 crore to Devas Multimedia, and a corresponding loss to the exchequer. The CBI filed its chargesheet in the case in 2016.
October 10, 2015 1:46 am
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.
October 07, 2015 1:29 am
Those who took arbitrary decisions should be held responsible for losses space agency would incur: Nair
July 31, 2015 2:25 am
The deal, which dates back to 2005 when the department of space portfolio was held by then PM Manmohan Singh, was later cancelled.
April 29, 2015 3:34 am
The ED has written to the Central Bureau of Investigation (CBI) for details of a case of cheating, criminal conspiracy and corruption.
June 16, 2013 12:48 am
Devas has already initiated arbitration proceedings against Antrix Corporation.
May 16, 2012 12:08 am
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.
April 13, 2012 12:48 am
Court listed it for 'further discussion',but arbitration proceedings have been derailed for now.
March 30, 2012 12:42 am
The reshaping of the Board was clearly seemed to be an attempt at enabling the company to negotiate a successful resolution of its dispute with Antrix,they said.
February 25, 2012 2:52 am
It had also debunked the theory of loss to the national exchequer due to spectrum sale.
Shah Rukh Khan makes a special appearance on Dance Plus 5