Journalism of Courage
Devas Multimedia
DEVAS MULTIMEDIA NEWS
US court upholds $565m award for Indian startup, blow to ISRO's Antrix Corp
August 16, 2026 4:23 am
The US court dismissed Antrix Corp’s argument that the case should have been decided in India, noting that foreign courts cannot order the seizure of assets in the US to enforce arbitration awards.
US appeals court rejects Devas Multimedia’s plea for rehearing over $1.2 bn compensation from ISRO's Antrix Corp
February 12, 2024 7:53 am
The Aug 2023 order, for which rehearing was sought, was a major relief for Antrix Corp years after the UPA government’s move to annul a 2005 satellite deal between Devas Multimedia and Antrix.
Bengaluru court declares Devas founder a fugitive economic offender
June 10, 2023 6:19 pm
Under the 2005 satellite deal with Devas, the Indian space agency ISRO was contracted to lease two communication satellites for 12 years at a cost of Rs 167 crore to Devas Multimedia.
Devas-Antrix deal: Bengaluru court okays serving fugitive economic offender notice to Devas CEO
September 17, 2022 9:02 pm
The declaration of an individual as an FEO will allow the ED to seek confiscation of properties in India and abroad which are identified as proceeds of a crime.
Devas multimedia case: ED submits details for declaring founder CEO fugitive economic offender
September 11, 2022 6:52 am
On Friday, the ED presented a note on the Central authority that can issue an FEO notice, the format for notice and guidelines on mutual legal assistance between countries in criminal matters.
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.
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.
UPA has much to answer for in Devas-Antrix. But Govt should take on board international rulings
January 20, 2022 9:49 am
🔴 Keeping aside the political posturing meant for a domestic audience, the government should also be mindful of the implications of not abiding by international norms. Not honouring global awards will have consequences.
Explained: The Devas-Antrix deal and its aftermath
January 19, 2022 12:22 pm
The Supreme Court has upheld the liquidation of Devas, whose foreign investors continue to fight for compensation following the cancelled 2005 satellite deal with Antrix. A look at the deal, and the ripples from the scrapping.
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.
Advertisement
Best of Express
Advertisement
Advertisement