Stay updated with breaking news from Devas Antrix Deal. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Singapore Court of Appeals dismissed the Indian appeal stating that most of the issues raised in the plea had been addressed during the arbitration by the Permanent Court of Arbitration in Geneva and subsequently by the Swiss Federal Supreme Court.
In his autobiography, Madhavan Nair recalls a meeting with then prime minister Manmohan Singh after allegations of corruption in the 2005 Devas-Antrix satellite deal cropped up.
The move by Mauritius authorities to take control of the three Mauritius firms that invested in Devas is part of a protracted legal battle between Indian authorities and the Devas Multimedia investors.
The WSJ advertisement not only named 11 Indians including ministers, bureaucrats and judges but also accused the Narendra Modi government of destroying the institutional framework of India.
Unfazed by Supreme Court upholding winding up of the company, shareholders of Devas Multimedia will continue to seek seizure of overseas Indian assets