Telecom Devas Mauritius News Today

The Indian government will use the Supreme Court order upholding liquidation of Devas Multimedia Pvt. to fight the enforcement of arbitration awards being sought by the company in courts across the world.

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.