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Antrix-Devas arbitration: A timeline of the 11-year-long legal battle

The Delhi High Court has set aside an arbitration award that asked Antrix to pay $562 mn to Devas

Delhi High Court

BS Reporter New Delhi
The Delhi High Court on Monday set aside an arbitration award against the Antrix Corporation, the commercial arm of the Indian Space Research Organisation (Isro), in which it was asked to pay $562 million in damages, along with interest, to Bengaluru-based firm Devas Multimedia.

Here’s a look at the 11-year-long legal battle between the two parties.

2005: The Deal

In 2005, Antrix and Devas signed an agreement wherein the latter would provide multimedia services using the S-band spectrum transponders on two Isro satellites built at a cost of Rs 766 crore. Multiple foreign investors had backed the project, including three

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First Published: Aug 30 2022 | 1:16 PM IST

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