Page 15 - Devas Multimedia News Today

The free-traders in Boris Johnson’s Cabinet appear to have won the day: the Prime Minister has reportedly sided with Trade The post Generous trade offer to Australia will allow Global Britain to demand the same elsewhere appeared first on CityAM.

The Bengaluru bench of the National Company Law Tribunal has ordered the liquidation of Devas Multimedia Pvt. on grounds that the company was incorporated in a fraudulent manner to siphon funds to dubious foreign accounts.

Directs Official Liquidator to take expeditious steps

: Thursday, May 20, 2021, 2:30 AM IST FPJ Edit: India is now no better off in its tax battle with Cairn Energy PLC; in fact, it may be manifestly worse off After more than a decade in courts around the world, and millions of dollars spent in legal fees, India is now no better off in its tax battle with UK energy firm Cairn Energy PLC. In fact, it may be manifestly worse off. Cairn has moved a US court to seize the assets of the government of India-owned Air India, to enforce collection of the ...

ADVERTISEMENT ADVERTISEMENT Devas Threatens New Arbitration In Indian $1.3B Award Fight Law360 (May 7, 2021, 9:25 PM EDT) -- India has been threatened with a treaty claim by the Mauritius-based shareholders of satellite company Devas Multimedia Pvt. Ltd. over New Delhis alleged attempts to avoid paying a nearly $1.3 billion arbitral award against a division of the countrys space agency. The shareholders signaled their intent to initiate an investor-state claim against the country in a Thursday...

Post-Brexit Britain must be careful trading with nationalist India Indias brute force behaviour undermines efforts for a trade deal that could propel both countries economic growth 6 May 2021 • 6:00am Post-Brexit Britain is looking to re-establish itself as a global trading nation. It was ever thus that, east of Suez, China and India shine like jewels, offering huge market opportunities.  China was for centuries closed to the world and had to be prised open for trade by the British, and eve...

Centre for winding up Devas Multimedia May 02, 2021 To go ahead with plan after Karnataka HC failed to intervene The Centre will push ahead with its proposal to wind up Devas Multimedia after the Karnataka High Court declined to intervene in the matter. A clutch of investors in Devas had attempted to block the liquidation process in India and in a US court. The US District Court in Washington court had initially given a temporary injunction after shareholders of Devas Multimedia filed a petit...

ADVERTISEMENT ADVERTISEMENT Indian Judge Nixes Bid To Shut Down Devas Liquidation Law360 (April 28, 2021, 8:37 PM EDT) -- An Indian court has rejected a bid to shut down the government-authorized liquidation of Devas Multimedia Pvt. Ltd., an Indian satellite company thats attempting to enforce a nearly $1.3 billion arbitral award against a division of the countrys space agency. Ruling for the High Court Of Karnataka at Bengaluru, Judge P.S.Dinesh Kumar concluded on Wednesday that Devas shareho...

Updated: Share Article AAA The High Court of Karnataka has imposed a cost of ₹5 lakh on Devas Employees’ Mauritius Pvt. Ltd. (DEMPL) for filling a petition “abusing process of law and as a proxy war” on behalf of Devas Multimedia Pvt. Ltd., which is facing money-laundering and other charges on its alleged fraudulent agreement on bandwidth facilities with ISRO’s commercial arm Antrix Corporation. Justice P.S. Dinesh Kumar passed the order while dismissing the DESPL’s petition questio...

Deutsche Telekom petitions US court to enforce $1.2 billion arbitration award against Antrix SECTIONS Share Synopsis The telecom company has argued that India had never challenged the final award by Geneva-based ICC and the deadline for it to do so under Swiss law has passed iStock Picture for representation purpose only Deutsche Telekom has petitioned a US court asking it to enforce a $1.2 billion compensation award against Antrix Corp, the commercial arm of India’s space agency, for cancell...