Air India gets respite from Devas Multimedia
The ministry of home affairs will 'scrupulously' carry out a thorough background check of newly appointed CEO and MD Ilker Ayci
Source: telegraphindia.com
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Devas lawsuit: Air India wins nod to appeal against Canadian ruling
Air India sought dismissal of Devas' foreign investors’ demand saying it is no longer a state-owned firm after its takeover by the Tata group.
Source: businesstoday.in
Devas Recovery Suit: Air India wins nod to appeal against seizure ruling in Canada
Air India has won a nod of an appeals court in Quebec to challenge a Canadian court order that allowed foreign investors in Bengaluru-headquartered Devas Multimedia to seize its funds to recover compensation for a failed 2005 satellite deal with Antrix Corporation, a commercial arm of ISRO.
Source: deccanherald.com
Antrix-Devas Case: India To Use Supreme Court Order To Defend Position In Devas Arbitration
The Indian government will use the Supreme Court order upholding liquidation of Devas Multimedia Pvt. to fight the enforcement of arbitration awards being sought by the company in courts across the world.
Source: bloombergquint.com
Supreme Court Upholds Winding Up Of Devas
The Supreme Court of India today upheld the winding up order against Devas Multimedia Pvt., a company with a $1.3-billion award against Antrix Corp., the commercial arm of ISRO and a company wholly-owned by the Indian government.
Source: bloombergquint.com