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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.
The minister also denounced the UPA government for its failure to appoint an arbitrator to represent India’s point of view, leading to the current mess.
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.
Devas Multimedia secures court orders to seize AAI, Air India assets in Canada: report
A law court in Montreal district of Canada has allowed three Mauritius-based investors of Devas Multimedia Pvt Ltd,