Antrix

Devas Multimedia has seized $87,457.47 cash that ISRO's commercial arm Antrix Corporation held in the US as it looked to enforce a $1.2 billion compensation it had won over a cancelled satellite deal, its lawyer said on Wednesday.…

Devas Multimedia Inc has seized cash worth Rs 69.5 lakh belonging to Antrix Corp, following a US court award that allowed Devas to go after any assets of Antrix in the US, according to a US court order seen by ET. The Devas shareholders…

Days after the Supreme Court ordered the winding up of Bengaluru-based startup Devas Multimedia, promoters of the company, which had been fighting a legal case against Isro’s commercial arm Antrix, are “ready for negotiations” with the…

NEW DELHI: In the recent Antrix-Devas judgment, the SC ruled that proceeding for winding up of a company on ground of perpetrations of a fraud cannot be stalled by shareholders by citing reports from CAs or auditors giving clean chit or…

NEW DELHI: A day after the SC verdict, FM Nirmala Sitharaman on Tuesday attacked Congress for “committing a fraud on the country” in the Devas deal with Antrix, and said it would move aggressively and target assets owned by promoters of the…

The government will use the Supreme Court order calling the 2005 deal between ISRO's commercial arm Antrix and privately-owned Devas Multimedia a fraud, to counter seizure of its properties, Finance Minister Nirmala Sitharaman said on…

Why has a Canadian court ordered the seizure of more than $30 million worth of AAI’s assets? How can a foreign power issue such an order? The story so far: In 2005, Devas Multimedia signed an agreement with Antrix —a commercial arm of…

India has asked a US federal court to dismiss a petition by Deutsche Telekom, which has sought enforcement of a $1.2 billion arbitration award against Antrix Corp over a failed satellite deal, arguing that the court did not have…

Devas Multimedia’s shareholders have been allowed to track down assets of the Indian space agency’s commercial arm, Antrix, and to enforce a $1.3 billion award that the beleaguered satellite maker had won via arbitration in 2015. The US…