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antrix corporation: Big win for Antrix as US court reverses $1.3 billion damages order

An American court has ruled in favour of India s space agency, Antrix, in a long-running legal battle with Devas Multimedia and its foreign investors over a failed satellite deal in 2005. The Ninth Circuit Court in California overturned the confirmation of the ICC award of $1.3bn against Antrix that had been granted to Devas, declaring that the district court "erred in exercising personal jurisdiction over Antrix." ....

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ISRO News: Relief for Antrix as Dutch court junks Devas plea

In a big relief for Isros commercial arm Antrix against its legal fight against Bengalurubased Devas Multimedia, a court in the Netherlands on Tuesday upheld the liquidation orders of the company by the National Company Law Tribunal (NCLT) and the subsequent orders of the NCLAT and Supreme Court of India upholding the tribunals liquidation order. ....

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