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January 17, 2023
The Supreme Court of Mauritius has restrained investors in insolvent satellite company Devas Multimedia from pursuing an investment treaty arbitration against India over the stateโs alleged efforts to evade enforcement of a US$1.3 billion ICC award.
October 16, 2022
The Street Journaldvertisement has been published at a time when Sitharaman is in the US to attend the meetings of the G20 Finance Ministers and central bank governors.
October 16, 2022
Government-run units must firmly uphold their obligations. Contract adherence by the state reflects upon Indiaโs appeal as a safe place to invest and our record clearly needs to improve
October 15, 2022
A Mala fide full-page ad published in Wall Street Journal is targeted at Prime Minister Narendra Modi, finance minister Nirmala Sitharaman and other key officials. Read all about it here.
October 15, 2022
Ad accuses Indian authorities of decimating the rule of law by weaponising the institutions of the state to settle scores with political and business rivals, making India unsafe for investment
August 30, 2022
A court in India on Monday set aside a $1.3 billion arbitral award issued to satellite company Devas Multimedia Pvt. Ltd. following a decade-old dispute with India's space agency over a nixed telecommunications deal, concluding that the award was marred by fraud.
August 29, 2022
The latest Tweet by ANI states, Delhi HC allows Antrix Corporation plea & sets aside Arbitral award dated 14.9.2015 passed by Arbitral Tribunal allowing claim of Devas Multimedia Court held that Impugned award dated 14.9.2015 suffers from patent illegalities & fraud &is in conflict with Public Policy of India ๏ฟฝ๏ฟฝ Delhi HC Allows Antrix Corporation Plea & Sets Aside Arbitral Award Dated 14.9.2015 ... - Latest Tweet by ANI.
August 29, 2022
Antrix had approached the court, seeking to set aside the award of 2015 passed by the arbitral tribunal constituted by the International Chamber of Commerce, allowing the claim of Devas Multimedia.
August 29, 2022
The Delhi high court on Monday set aside an arbitral award of over $562.2mn in favour of Devas Multimedia, over the sudden termination of its agreement with the Isroโs commercial arm Antrix, offering relief to the government.
August 17, 2022
Devas Multimedia has seized USD 87,457.47 cash that ISRO's commercial arm Antrix Corporation held in the US as it looked to enforce a USD 1.2 billion compensation it had won over a cancelled satellite deal, its lawyer said on Wednesday.