The Ninth Circuit's February 6, 2024, decision denying rehearing en banc of Devas v. Antrix and upholding its earlier ruling to overturn the enforcement of a $1.3 billion.
The Ninth Circuit’s February 6, 2024, decision denying rehearing en banc of Devas v. Antrix and upholding its earlier ruling to overturn the enforcement of a $1.3 billion arbitration.
Relief for Antrix as Delhi HC stays $560 mn arbitral tribunal award to Devas Multimedia webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.
In a breather to Antrix Corporation Ltd, the commercial arm of ISRO, the Delhi High Court on Monday set aside an arbitral order which had directed the former to pay damages of over $560 million along with interest to Bengaluru-based Devas .
The year 2016 was a bag of mixed fortunes for the Indian Space Research Organisation (ISRO) with successes on the technological front and setbacks on the legal front.