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Delhi HC allows Antrix plea, sets aside arbitration award in favour of Devas

Delhi HC allows Antrix plea, sets aside arbitration award in favour of Devas
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Delhi HC allows Antrix plea, sets aside arbitration award in favour of Devas

The Delhi High court on Monday allowed Antrix Corporation Ltd s plea and sets aside the Arbitral award dated 14.09.2015 passed by the Arbitral Tribunal allowing the claim of Devas Multimedia Private Limited over the sudden termination of the agreement. ....

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Relief for Antrix as Delhi HC stays $560 mn arbitral tribunal award to Devas Multimedia

Relief for Antrix as Delhi HC stays $560 mn arbitral tribunal award to Devas Multimedia
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Relief for Antrix as Delhi HC stays $560 mn arbitral tribunal award to Devas Multimedia

In a breather to Antrix Corporation Ltd, the commercial arm of ISRO, the Delhi High Court on Monday set aside an arbitral order which had directed the former to pay damages of over $560 million along with interest to Bengaluru-based Devas . ....

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