US district court lets Devas track down Indian space agency s commercial arm Antrix s assets indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Antrix asks US court to stop Devas
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Devas had sought the court s assistance in obtaining information needed to enforce the award, and for it to deny Antrix s 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 Multimedia’s attempts to track down assets and enforce an $1.2-billion arbitration award won by the satellite firm in 2015, marking the latest in a series of legal challenges mounted by the two parties.
Antrix case: Devas moves US court to enforce The Hague arbitration award
January 15, 2021
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Devas Multimedia has filed a petition at a US district court seeking to enforce the damages awarded against ISRO’s commercial arm Antrix Corp by the Permanent Court of Arbitration Tribunal at The Hague.
The petition, filed by three investment firms related to Devas, argues that the award can be enforced in the US because India is a signatory to the New York Convention.
“By entering into the New York Convention, India waived any immunity it may otherwise possess in relation to an action to enforce an award in this jurisdiction,” states the petition filed by three Mauritius-incorporated companies CC/Devas (Mauritius) Ltd, Devas Employees Mauritius Private Ltd, and Telcom Devas Mauritius Ltd.
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Satellite Co. Investors Seek OK Of $111M Award Against India
Law360 (January 13, 2021, 6:45 PM EST) A trio of Mauritius-based investors in an Indian satellite company has brought a $111 million arbitral award it won against India following a dispute over a nixed deal to deliver communications services throughout the country to Washington, D.C., for enforcement.
Investors CC/Devas (Mauritius) Ltd., Devas Employees Mauritius Private Ltd. and Telcom Devas Mauritius Ltd. urged the D.C. federal court in a Wednesday petition to allow them to begin targeting India s assets to collect the award, issued last October, which totals more than $121 million with interest and attorney fees.