The Supreme Court on Monday dismissed an appeal filed by Devas Multimedia and its shareholder Devas Employees Mauritius Pvt Ltd against an NCLT order to wind up the company. A detailed verdict is ...

The National Company Law Appellate Tribunal (NCLAT) has asked Devas Employees Mauritius to approach NCLT to raise its objection over the court's decision to admit a petition by Antrix Corporation ...

The Ninth Circuit’s February 6, 2024, decision denying rehearing en banc of Devas v. Antrix and upholding its earlier ruling to overturn the enforcement of a $1.3 billion arbitration award diverges ...

Finance minister Nirmala Sitharaman said on Tuesday the Narendra Modi administration would contest multiple arbitration awards won by shareholders of Devas Multimedia Pvt. Ltd over a cancelled ...

Devas Multimedia has seized USD 87,457.47 cash that ISRO's commercial arm Antrix Corporation held in the US as it looked to enforce a USD 1.2 billion compensation it had won over a cancelled satellite ...

MUMBAI (Reuters) - Shareholders in Devas Multimedia have sued Air India in an effort to recover sums Devas won in arbitration awards against the Indian government and seize its flagship carrier's ...

The Supreme Court on Monday upheld the winding up of Devas Multimedia saying," it is a case of fraud of a huge magnitude which cannot be brushed under the carpet, as a private lis". A bench of ...

The National Company Law Appellate Tribunal (NCLAT) on Wednesday dismissed a petition filed by Devas Multimedia challenging an order of the NCLT to wind up the company. NCLT's direction had come over ...

The ‘fraud’, as described by the Finance Minister, started in 2005. Finance Minister Nirmala Sitharaman on Tuesday launched an all-out attack on the UPA government, under which the Antrix-Devas deal ...