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Antrix challenges restraining order by US court April 04, 2021 ISRO’s commercial arm Antrix Corp has filed a petition with a US District Court in Washington seeking to revoke a temporary restraining order (TRO) against a possible settlement in the dispute with Devas Multimedia. Antrix has argued that the possibility of such a settlement was hypothetical at this point in time and secondly, the settlement, if any, will have to be first approved by an Indian court. The US court had given a temporary injunction after shareholders of Devas Multimedia filed a petition that Antrix could force a...

Bulk of commercial activities would be handled by New Space India Limited

Investors in Devas Multimedia Pvt. Ltd. demanded on Tuesday that an Indian government-appointed liquidator relinquish case files he obtained after firing counsel working to enforce the Indian satellite company's $1.3 billion arbitral award against a division of India's space agency.

A division of India's space agency fighting enforcement of a nearly $1.3 billion arbitral award issued to an Indian satellite company has orchestrated a "government occupation" of its foe in an attempt to force a collusive settlement agreement, investors in the company are arguing.

Investment Arbitration and India: 2020 Year in Review Thursday, February 25, 2021 For the Indian foreign direct investment landscape, 2020 was a mixed bag of equity inflows, policy changes, arbitration awards and innovative dispute resolution strategies. In September 2020, FDI equity inflows in India crossed the USD 500 billion milestone, computed over a period of 20 years starting from April 2000. 1 While global FDI witnessed a steep decline of 42%, India noted a 13% increase in FDI inflows. 2 India’s tightened scrutiny of FDI from her neighbours and FDI in e-commerce invited int...