Page 30 - Devas Multimedia News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Post-Brexit Britain must be careful trading with nationalist India India's brute force behaviour undermines efforts for a trade deal that could propel both countries' economic growth 6 May 2021 • 6:00am Post-Brexit Britain is looking to re-establish itself as a global trading nation. It was ever thus that, east of Suez, China and India shine like jewels, offering huge market opportunities.  China was for centuries closed to the world and had to be prised open for trade by the British, and even in the modern age of  opportunities it remains difficult to sell into.  By contrast India was ...

Centre for winding up Devas Multimedia May 02, 2021 To go ahead with plan after Karnataka HC failed to intervene The Centre will push ahead with its proposal to wind up Devas Multimedia after the Karnataka High Court declined to intervene in the matter. A clutch of investors in Devas had attempted to block the liquidation process in India and in a US court. The US District Court in Washington court had initially given a temporary injunction after shareholders of Devas Multimedia filed a petition that Antrix could force a settlement on Devas without the consent of its shareholders. But this ...

ADVERTISEMENT ADVERTISEMENT Indian Judge Nixes Bid To Shut Down Devas Liquidation Law360 (April 28, 2021, 8:37 PM EDT) -- An Indian court has rejected a bid to shut down the government-authorized liquidation of Devas Multimedia Pvt. Ltd., an Indian satellite company that's attempting to enforce a nearly $1.3 billion arbitral award against a division of the country's space agency. Ruling for the High Court Of Karnataka at Bengaluru, Judge P.S.Dinesh Kumar concluded on Wednesday that Devas shareholder Devas Employees Mauritius Pvt. Ltd. had failed to show how the "winding-up" petition filed in...

Updated: Share Article AAA The High Court of Karnataka has imposed a cost of ₹5 lakh on Devas Employees’ Mauritius Pvt. Ltd. (DEMPL) for filling a petition “abusing process of law and as a proxy war” on behalf of Devas Multimedia Pvt. Ltd., which is facing money-laundering and other charges on its alleged fraudulent agreement on bandwidth facilities with ISRO’s commercial arm Antrix Corporation. Justice P.S. Dinesh Kumar passed the order while dismissing the DESPL’s petition questioning the legality of the sanction granted by the Central government on January 18, 2021 for Antrix C...

Deutsche Telekom petitions US court to enforce $1.2 billion arbitration award against Antrix SECTIONS Share Synopsis The telecom company has argued that India had never challenged the final award by Geneva-based ICC and the deadline for it to do so under Swiss law has passed iStock Picture for representation purpose only Deutsche Telekom has petitioned a US court asking it to enforce a $1.2 billion compensation award against Antrix Corp, the commercial arm of India’s space agency, for cancelling a satellite contract with Devas Multimedia, in which the German telecom company is a strategic s...