Page 13 - Devas Multimedia News Today

Devas investors can join effort to enforce arbitral award : UK Judge SECTIONS Share Synopsis Judge David Waksman of the High Court of Justice on Friday concluded that the application by Devas (Mauritius) Ltd and other investors in the company to join the proceedings was “well founded”, especially since the satellite company has been placed in liquidation in India. Getty Images There is “obvious merit” in allowing investors in Devas Multimedia to join proceedings aimed at enforcing the $...

Antrix asks US court to stop Devas SECTIONS Share Synopsis Devas had sought the courts assistance in obtaining information needed to enforce the award, and for it to deny Antrixs motion for a protective order PTI Indian Space Research Organisation (ISRO) launches the Brazilian satellite Amazonia-1 from the Satish Dhawan Space Centre in Sriharikota, Sunday, Feb. 28. 2021. (PTI Photo) Antrix Corp, the commercial arm of India’s space agency, has urged a federal court in Washington to block Devas...

ADVERTISEMENT Devas Investors Win Round In $1.3B Award Fight With India Law360 (July 12, 2021, 10:12 PM EDT) -- A London judge has concluded that there is "obvious merit" in allowing investors in Devas Multimedia Pvt. Ltd. to join ongoing efforts to enforce a $1.3 billion arbitral award that was issued to the Indian satellite company, pointing to actions taken by India to allegedly stymie those efforts. Judge David Waksman of the High Court of Justice concluded on Friday that the application by...

A tale of two IPOs Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Morning Dispatch Well soon meet in your inbox. / Morning Dispatch Hi, Digbijay here. Today, Ashwin and I report on two well-known payments startups and their plans to cash in during the upcoming IPO rush. SoftBank’s investment in Swiggy gets CCI nod Antrix urges US federal court to stop Devas Mobikwik files for IPO, shareholders approve Paytm’s It’s finally happening. A clutch of I...

Tata Group may seek indemnity clause in Air India deal The company aims to protect itself from resultant court cases and hidden contracts that might emerge after the deal is done Tata-Air India deal is likely to be delayed to Q1 next year BusinessToday.In Updated Jul 12, 2021, 9:29 AM IST The Tata Group may ask for an indemnity clause in the Air India privatisation deal to protect itself from unexpected claims or ‘hidden contracts’ once the deal is done. Nevertheless, the company has...

Tata Group Likely To Ask Govt For Indemnity Clause In Air India Disinvestment Deal Air India Jet. (Wikimedia Commons) The Tata Group may ask the Government to include an indemnity clause in the Air India privatisation deal to protect it from unexpected claims and risks arising out of the recent claims filed by Devas Multimedia and Cairn Energy, seeking to seize Air Indias overseas assets, Economic Times. The development comes at a time when the Tata Group is known to be intensifying the due di...

Indian Express. That is just a smattering of the editorial responses to the news from last week that British oil company Cairn Energy successfully petitioned a French court to freeze real estate properties in Paris belonging to the Indian government valued at around $24 million. The company said the court order was a “necessary preparatory step to taking ownership of the properties and ensures that the proceeds of any sales would be due to Cairn”, based on the $1.2 billion arbitration awar...

Address Cairn energy tax dispute immediately   While fighting one war, one shouldn’t fan another. But it appears that the ongoing India-Cairn tax dispute is inching towards that direction. Share Via Email   |  A+A A- While fighting one war, one shouldn’t fan another. But it appears that the ongoing India-Cairn tax dispute is inching towards that direction. The UK’s Cairn Energy PLC, which won the arbitration award last December, is reportedly seizing our global assets, including ...

ADVERTISEMENT Antrix Fights $1.3B Award Enforcement By Devas Proxies Law360 (July 7, 2021, 7:22 PM EDT) -- Antrix urged a Washington federal court Tuesday to block an Indian satellite companys shareholders attempts to track down assets and enforce a $1.3 billion arbitral award, minutes after the investors sought to force a response from the Indian space agency. Investors in Devas MultimedIa Pvt. Ltd. and an American subsidiary of the company sought the courts assistance in turning over discove...

Second Covid-19 wave sharply hit consumer credit demand: RBI FSR The second wave of the pandemic had a negative impact on the consumer credit demand as inquiries for such loans fell sharply across product categories after a rebound during the festive season in the third quarter of FY21, the half-yearly financial stability report (FSR) of Reserve Bank of India (RBI) said. The FSR report has highlighted that the overall demand for consumer credit, as reflected in inquiry volumes, had stabilised...