Antrix questions Delhi HC jurisdiction

Image
Press Trust of India New Delhi
Last Updated : Mar 24 2017 | 8:22 PM IST
The ISRO's Antrix Corporation today questioned a Delhi High Court order which had termed as "not maintainable" the PSU's pleas to a Bengaluru court against an award of USD 672 million to Devas Multimedia as damages.
The Antrix contended before a bench of justices Indira Bannerjee and Sanjeev Sachdeva that the Delhi High Court has no appellate or supervisory role over the Bangalore city civil court where its plea against the arbitral award was pending.
A single-judge bench of the high court had on February 28 said the Bengaluru court cannot grant any relief sought by the Antrix in its plea there and had asked the company to file its petition against the award here.
The PSU has challenged the single judge's order which had also asked it to furnish details of its assets as well as its audited balance sheets besides it profit and loss accounts for the past three years.
The single judge's order had come on Devas plea to attach the Antrix' bank accounts to secure the amount awarded to it by the Paris-based International Chamber of Commerce's arbitration body, the International Court of Arbitration, by its September 2015 ruling.
The arbitral body had ruled in favour of Devas as Antrix had "unlawfully" terminated a deal with it in 2011, citing national security reasons.
Devas, today, opposed Antrix' appeal against the single judge order of February 28, saying the plea was not maintainable.
The division bench subsequently heard arguments on the issue of maintainability by Antrix and Devas with the hearing likely to continue next week.
Antrix argued that there were legal consequences of not complying with the February 28 order of the single-judge bench of the court and so it was liable to be challenged.
It said the civil court in Bengaluru should be the one deciding whether its plea was maintainable.
Devas, on the other hand, argued that the order of the single judge was not liable to be challenged.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Mar 24 2017 | 8:22 PM IST

Next Story