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January 18, 2022
Tribune News Service New Delhi, January 18 Union Finance Minister Nirmala Sitharaman on Tuesday said the Government will contest the adverse international arbitration awards totaling over $ 1.1 bill
January 18, 2022
The minister also denounced the UPA government for its failure to appoint an arbitrator to represent India’s point of view, leading to the current mess.
January 18, 2022
At a press conference, she said the government is now fighting in every court to save taxpayers' money that would otherwise go towards paying for arbitration awards that Devas has won against the cancellation of the 2005 deal.
January 18, 2022
A private company in 2005 came up with an offer to start a bouquet of multimedia and telecom services and got into an agreement with Antrix Corporation, the commercial wing of state space agency, Indian Space Research Organisation (ISRO), and made a deal of leasing out two of ISROs satellites, GSLV-6 & GSLA-6A, for private services at a throw-away price.
January 17, 2022
In a setback to Devas Multimedia, the Supreme Court on Monday upheld the National Company Law Appellate Tribunal (NCLAT), which in September last year dismissed a petition filed by Devas Multimedia against the order of the NCLT to wind up the ...
January 17, 2022
The Supreme Court on Monday dismissed an appeal filed by Devas Multimedia Private Limited challenging National Company Law Tribunal (NCLAT) order that allowed to wind up the company.
January 17, 2022
In a setback to Devas Multimedia, the Supreme Court on Monday upheld the National Company Law Appellate Tribunal (NCLAT), which in September last year dismissed a petition filed by Devas Multimedia against the order of the NCLT to wind up the company.
January 17, 2022
The Supreme Court of India today upheld the winding up order against Devas Multimedia Pvt., a company with a $1.3-billion award against Antrix Corp., the commercial arm of ISRO and a company wholly-owned by the Indian government.
January 17, 2022
SC junks Devas Multimedia's appeal against NCLAT order
January 17, 2022
In a setback for Devas Multimedia, the Supreme Court on Monday upheld the National Company Law Appellate Tribunal's order, which in September last year dismissed its petition against winding up of the company. The NCLT's direction had come on a petition filed by Antrix Corporation, the commercial arm of the Indian Space Research Organisation (ISRO). Devas has been locked in a