Devas Multimedia

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…

Union finance minister Nirmala Sitharaman on Tuesday said the Supreme Court order upholding liquidation of the Devas Multimedia is a comprehensive one, while accusing the previous Congress-led UPA government of entering into a "fraud" and…

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…

A federal court in the United States has denied a motion to stay proceedings in a case related to the enforcement of a $1.2 billion arbitration award won by Devas Multimedia against Antrix Corp, the Indian space agency’s commercial arm.…