Stay updated with breaking news from Antrix Devas Deal. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The alleged scams such as non-transparent auction of public resources (coal and telecom spectrum), the spectre of retrospective taxation, unsustainable demand stimulus and ill-targeted subsidies and reckless lending by the banking sector, found a special mention
The district court, in an October 25 order, rejected the government's plea to consider the Supreme Court order as fresh evidence of wrongdoing by Devas Multimedia in the process of securing the 2005 satellite deal with Antrix Corp.
A division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad dismissed the appeal filed by Devas Employees Mauritius Private Limited against the single-judge order.
Devas shareholders are pursuing Indian assets abroad to recover the awards and have got a French court order for freezing Indian properties in Paris and got partial rights over funds maintained by India funds in Canada.
Finance Minister Nirmala Sitharaman today said the Supreme Court's order on the 2005 Antrix-Devas deal was "proof of the Congress's misuse of power".