Antrix, the commercial arm of Isro has moved a local court seeking directions to restrain Devas Multimedia from proceedings with the arbitration it has filed against it in an international court in Paris on cancellation of agreement on S band spectrum allocation.
Antrix, which cancelled its agreement with Devas, filed the petition before the Additional City Civil and Session Court, seeking an interim injunction against Devas. Judge D B Patil, after hearing counsels for Antrix, posted the matter for February 25 for further arguments.
The suit is to restrain Devas from proceeding with the arbitration at International Court of Arbitration in Paris. Devas has approached the ICC tribunal challenging the cancellation of agreement by Antrix with it on S band spectrum allocation.
The government after cancelling the Antrix-Devas deal for reasons of national security also debarred four Isro scientists, including its former chairman G Madhavan Nair from holding any government posts for acts of commission in the deal. Nair and others have questioned the government decision.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
