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Antrix Devas dispute: Division bench of Delhi HC upheld single bench order, dismisses appeal of DEMPL

The Division Bench of Delhi High Court on Friday dismissed the appeal moved by Devas Employees Mauritius Pvt Ltd challenging the single bench order dated August 29, 2022, which allowed Antrix Corporation Ltds plea and sets aside the Arbitral award dated September 14, 2015, passed by the Arbitral Tribunal allowing the claim of Devas Multimedia Private Limited.
United States Justice Satish Chander Sharma Justice Subramonium Prasad Audio Services Antrix Corporation Ltd International Chambers Of Commerce

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Delhi HC allows Antrix plea, sets aside arbitration award in favour of Devas

The Delhi High court on Monday allowed Antrix Corporation Ltds plea and sets aside the Arbitral award dated 14.09.2015 passed by the Arbitral Tribunal allowing the claim of Devas Multimedia Private Limited over the sudden termination of the agreement.
Justice Sanjeev Sachdeva Supreme Court Cabinet Committee On Security Indian Space Research Organisation Antrix Corporation Ltd Devas Multimedia Private

Devas Liquidator Says Shareholders Can't Claim $1.3B Award

An official tapped by the Indian government to oversee the liquidation of Devas Multimedia Private Ltd. wants the Ninth Circuit to block shareholders in the satellite communications firm from collecting a nearly $1.3 billion arbitral award, claiming they have no right to that sum.
United States Mani Elango Jayakumar Caleb Symons Thomass Zilly Devas Multimedia Private Ltd Devas Multimedia Private
Source: law360.com

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