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Delhi HC allows Antrix plea, sets aside arbitration award in favour of Devas

Published: August 29, 2022

The Delhi High court on Monday allowed Antrix Corporation Ltd's plea and sets aside the Arbitral award dated 14.09.2015 passed by the Arbitral Tribunal allowing the claim of Devas Multimedia Private Limited over the sudden termination of the agreement.

Source: webindia123.com

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Justice Sanjeev SachdevaSupreme CourtCabinet Committee On SecurityIndian Space Research OrganisationAntrix Corporation LtdDevas Multimedia PrivateInternational ChamberGovernment CompanyDelhi HighArbitral TribunalDevas Multimedia Private LimitedPublic PolicyCentral Government Public Sector EnterpriseCompanies ActWhich DevasAntrix Upfront Capacity Reservation FeesCabinet CommitteeDepartment Of SpaceEws India