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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.

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A French court has ordered the freezing of Indian government property in Paris on a plea by Devas shareholders who are seeking to enforce a $1.3 billion arbitration award over a cancelled satellite contract, according to the court order copy. The court allowed Devas shareholders to register a "Hypotheque Judiciaire" or a judicial mortgage on a Paris apartment in the posh 16th

Govt asks Antrix to file petition to wind up Devas Multimedia SECTIONS Last Updated: Jan 18, 2021, 08:16 PM IST Share Synopsis The Ministry of Corporate Affairs has cited a rule in the Companies Act, 1956 that allows a petitioner to file for the winding up of a company if it has, in the petitioner’s opinion, been formed for “fraudulent and unlawful purposes”. Getty Images BENGALURU: The government has directed Antrix Corporation, the commercial arm of Indias space agency, to file a petiti...

Five things to watch January 15 Sign in with LinkedIn Article Five things to watch January 15: Cheshire awards £4.5m contract to Airband, SatADSL Telespazio Brazil form connectivity partnership, and Amagi picks GTT to support its cloud managed broadcast services 15 January 2021 | Natalie Bannerman Capacity shares 5 key stories from around the world making headlines today! Cheshire awards £4.5m contract to Airband Cheshire Council has awarded connectivity provider Airband a £4.5 mi...