Devas' investors push for amicable settlement of row : vimar

Devas' investors push for amicable settlement of row


Devas’ investors push for amicable settlement of row
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On 6 May, Devas’ investors wrote to the government, including the home ministry, offering to settle the row mutually. Mint
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Three Mauritius-based entities embroiled in a lengthy legal battle with state-run Antrix Corp. Ltd, the commercial arm of the Indian Space Research Organisation (Isro), and the Indian government over a cancelled satellite leasing contract have offered to settle the dispute amicably.
Devas (Mauritius) Ltd, Telcom Devas Mauritius Ltd and Devas Employees Mauritius Pvt. Ltd are seeking to enforce an international arbitration award they had won in 2015. The $562.5 million award in damages is worth $1.3 billion, including interest as of November, according to the US District Court for the Western District of Washington that confirmed the award.

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