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"The amounts garnished by IATA for the period prior to date of disinvestment are yet to be released by the Court," the govt further informed the Rajya Sabha.
Devas is demanding $1.2 billion from the Indian government after winning three international arbitration awards over a scrapped telecommunications deal with a state-run firm. The company is seeking to seize overseas assets of the formerly government-owned flag carrier
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.