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Devas' investors can join effort to enforce arbitral award : UK Judge SECTIONS Share Synopsis Judge David Waksman of the High Court of Justice on Friday concluded that the application by Devas (Mauritius) Ltd and other investors in the company to join the proceedings was “well founded”, especially since the satellite company has been placed in liquidation in India. Getty Images There is “obvious merit” in allowing investors in Devas Multimedia to join proceedings aimed at enforcing the $1.2 billion arbitral award won by the satellite firm in 2015, a London judge noted last week, while...

Antrix asks US court to stop Devas SECTIONS Share Synopsis Devas had sought the court's assistance in obtaining information needed to enforce the award, and for it to deny Antrix's motion for a protective order PTI Indian Space Research Organisation (ISRO) launches the Brazilian satellite Amazonia-1 from the Satish Dhawan Space Centre in Sriharikota, Sunday, Feb. 28. 2021. (PTI Photo) Antrix Corp, the commercial arm of India’s space agency, has urged a federal court in Washington to block Devas Multimedia’s attempts to track down assets and enforce an $1.2-billion arbitration award won by...

ADVERTISEMENT Devas Investors Win Round In $1.3B Award Fight With India Law360 (July 12, 2021, 10:12 PM EDT) -- A London judge has concluded that there is "obvious merit" in allowing investors in Devas Multimedia Pvt. Ltd. to join ongoing efforts to enforce a $1.3 billion arbitral award that was issued to the Indian satellite company, pointing to actions taken by India to allegedly stymie those efforts. Judge David Waksman of the High Court of Justice concluded on Friday that the application by CC/Devas (Mauritius) Ltd. and other Devas shareholders, along with subsidiary Devas Multimedia Amer...

A tale of two IPOs Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Morning Dispatch We'll soon meet in your inbox. / Morning Dispatch Hi, Digbijay here. Today, Ashwin and I report on two well-known payments startups and their plans to cash in during the upcoming IPO rush. SoftBank’s investment in Swiggy gets CCI nod Antrix urges US federal court to stop Devas Mobikwik files for IPO, shareholders approve Paytm’s It’s finally happening. A clutch of Indian startups, after raising venture capital money, are now set to go public. And it’s happening...

Tata Group may seek indemnity clause in Air India deal The company aims to protect itself from resultant court cases and hidden contracts that might emerge after the deal is done Tata-Air India deal is likely to be delayed to Q1 next year BusinessToday.In Updated Jul 12, 2021, 9:29 AM IST The Tata Group may ask for an indemnity clause in the Air India privatisation deal to protect itself from unexpected claims or ‘hidden contracts’ once the deal is done. Nevertheless, the company has been intensifying its due diligence on the Air India deal. This development comes on the back of po...