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DEVAS SHAREHOLDERS
As Devas-Antrix case plays out in courts, India mounts defenceIndia is engaged in intense legal and diplomatic battles across Canada, the UK, and France following an unfavorable ruling in the Devas-Ant...- Antrix-Devas case setback: Dutch SC upholds $111 million awardIn 2022, the Delhi HC set aside the ICC tribunal's $562.5 m award of 2015, ruling that the 2005-era Antrix-Devas contract was fraudulent an...
- Devas seizes $87k worth Antrix assets in arbitral award enforcementThe Devas shareholders are enforcing an International Chamber of Commerce arbitral award of $1.2 billion to Devas, owed by ISRO commercial ...
- What the latest Devas move means for government's Air India plansThe board of AirAsia India (AAIPL), in which the Tatas have a 83.7% stake, will meet on Monday. According to sources, while AAIPL and AI Ex...
- Devas shareholders to continue seizing Indian assets abroad"The decision by the Supreme Court does not change anything. The Modi government and the Indian courts cannot rewrite the facts. Their flim...
- Congress should explain its role in Devas-Antrix deal, says FM Nirmala Sitharaman citing SC order"This kind of selling of primary endowments like wavelengths, satellites or spectrum band, giving it away to private parties and making mon...
- French court orders freezing of Indian property on Devas' pleaThe court awarded the lien - a legal right over assets to cover debts - on September 25, 2021, according to a copy of the court order revie...
- Canada court allows Devas shareholders to continue seizure of 50% of Air India's fundsEarlier this month, the court had ordered seizure of funds of Air India and the Airports Authority of India (AAI), which have been held by ...
- Air India's new owners won't be burdened with liabilities, lawsuitsA Canadian court has directed seizure of funds collected by Montreal-based International Air Transport Association (IATA) on behalf of Air ...
- Antrix award: AAI to take legal action over Devas Multimedia seizing assets abroadShareholders of Devas Multimedia have said that they have been able to seize assets worth $30 million till date as part of the enforcement ...
- In a win for Devas shareholders, Canada court orders seizure of Air India, AAI assets over duesTwo separate orders passed by the Superior Court of Quebec on November 24 and December 21 show that assets of the Indian airport operator w...
- Devas investors seek US court's help to track Antrix assetsThis is an effort to enforce a $1.3 billion arbitral award that the court had upheld last year.
- Air India sale does not impact petition to seek asset seizure, say Devas investors“India’s transfer of Air India to Tata will do nothing to moot plaintiffs’ claim that their award should be enforced against Air India as a...
- Devas Multimedia eyeing foreign assets of Indian govt to enforce $1.3 bn arbitral awardEarlier this year, NCLT ordered the winding up of Devas Multimedia, ruling that the incorporation of the company itself was done with fraud...
- Devas investors urge US court to deny India’s bid to stall arbitration awardThe investors, which include Devas (Mauritius) Ltd, Devas Employees Mauritius Pvt. Ltd. and Telecom Devas Ltd, argued that the motion to di...
- Indian govt must pay all its debts: Devas Multimedia says it will pursue enforcement of its $1.3 bn arbitral awardShareholders of Devas are currently pursuing cases in multiple global courts, including those in the US and the UK, to force India to pay t...
- US district court lets Devas track down Indian space agency’s commercial arm Antrix's assetsThe US District Court for the Western District of Washington ordered Antrix to furnish information, including documents showing any transfe...
- Adviser to Devas shareholders welcomes move“The reports of the legislation, if true, are an encouraging sign that India intends to reverse course in its shabby treatment of investors...
- Devas' investors can join effort to enforce arbitral award : UK JudgeJudge David Waksman of the High Court of Justice on Friday concluded that the application by Devas (Mauritius) Ltd and other investors in t...
- Devas set to lay claim to Antrix assets in UK"The order has been passed in UK and is expected to be served by November, because it requires a special process," said a person familiar w...
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