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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.
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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.