The US Court of Appeals for the Ninth Circuit ruled on August 1 that Antrix Corporation, ISRO’s commercial arm, enjoyed immunity under the Foreign Sovereign Immunities Act.
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 Division Bench of Delhi High Court on Friday dismissed the appeal moved by Devas Employees Mauritius Pvt Ltd challenging the single bench order dated August 29, 2022, which allowed Antrix Corporation Ltd s plea and sets aside the Arbitral award dated September 14, 2015, passed by the Arbitral Tribunal allowing the claim of Devas Multimedia Private Limited.
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