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Devas

US allows Devas to seize ISRO/Antrix assets

The long-running $1.8 billion legal dispute between Devas Multimedia and Antrix, the commercial arm of India’s Space Research Organisation (ISRO), received a major boost for Devas investors from a US federal court. In an August 16th order, the US federal court in Washington DC, granted permission to a group of Devas investors (CC/Devas Mauritius, Telcom […]

August 19, 2021By Chris Forrester

Deutsche Telekom sues Indian government

The Antrix/Devas legal actions will just not go away. The Indian government is now being sued by Deutsche Telekom (DT) for $135 million ($101 million plus interest) for its part in the ISRO/Antrix/Devas S-band litigation. In May 2020 an internationally recognised Permanent Court of Arbitration in Geneva awarded DT a substantial compensation award for its […]

May 24, 2021

India halts ISRO/Antrix payment to Devas

Last week a US Federal Court upheld a previous verdict from the International Court of Commerce (delivered on September 14th) that India Space Research Organisation and its commercial arm Antrix must pay a total of $1.2 billion to Devas Multimedia. However, November 4th saw India’s Supreme Court stay the award.  The judges, headed by Chief […]

November 6, 2020By Chris Forrester