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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...

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.

Govt asks Antrix to file petition to wind up Devas Multimedia SECTIONS Last Updated: Jan 18, 2021, 08:16 PM IST Share Synopsis The Ministry of Corporate Affairs has cited a rule in the Companies Act, 1956 that allows a petitioner to file for the winding up of a company if it has, in the petitioner’s opinion, been formed for “fraudulent and unlawful purposes”. Getty Images BENGALURU: The government has directed Antrix Corporation, the commercial arm of India's space agency, to file a petition to wind up Devas Multimedia, a Bengaluru-based firm that has filed lawsuits seeking hundreds of ...

Antrix-Devas case: India to question US court jurisdiction January 17, 2021 Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts India is expected to question the jurisdiction of the United States District Court for the District of Columbia to hear a petition filed by Devas Multimedia seeking to enforce the damages awarded against ISRO’s commercial arm Antrix Corp by the Permanent Court of Arbitration Tribunal at The Hague. The petition, filed by three investment firms related to Devas, argues that the award can be enforced in the US because India is a sign...

Antrix case: Devas moves US court to enforce The Hague arbitration award January 15, 2021 × Devas Multimedia has filed a petition at a US district court seeking to enforce the damages awarded against ISRO’s commercial arm Antrix Corp by the Permanent Court of Arbitration Tribunal at The Hague. The petition, filed by three investment firms related to Devas, argues that the award can be enforced in the US because India is a signatory to the New York Convention. “By entering into the New York Convention, India waived any immunity it may otherwise possess in relation to an action to enforce ...