Skip to main content

Big win for Antrix as US court reverses $1.3 billion damages order

In a big victory for Antrix in its long-drawn legal fight against Bengaluru-based Devas Multimedia and its foreign investors on American soil, the Ninth Circuit Court in California, which is by far the largest of the 13 US Courts of Appeals, has allowed the appeal of Isro’s commercial arm in totality and reversed the confirmation of the ICC award of $1.3 billion against Antrix earlier given by the district court at Seattle in a decade-old case of the failed satellite deal in 2005.

In a big victory for Antrix in its long-drawn legal fight against Bengaluru-based Devas Multimedia and its foreign investors on American soil, the Ninth Circuit Court in California, which is by far the largest of the 13 US Courts of Appeals, has allowed the appeal of Isro’s commercial arm in totality and reversed the confirmation of the ICC award of $1.3 billion against Antrix earlier given by the district court at Seattle in a decade-old case of the failed satellite deal in 2005. from Times of India https://ift.tt/tMmPGnI

Comments

Popular posts from this blog

Pant, Hardik star in India's T20 World Cup warm-up

India ticked multiple boxes during their 60-run victory over Bangladesh in the T20 World Cup warm-up match here on Saturday, but none bolder than a fifty by Rishabh Pant which has all but sealed his place as the first-choice wicketkeeper batter in the ICC showpiece. India ticked multiple boxes during their 60-run victory over Bangladesh in the T20 World Cup warm-up match here on Saturday, but none bolder than a fifty by Rishabh Pant which has all but sealed his place as the first-choice wicketkeeper batter in the ICC showpiece. from Times of India https://ift.tt/9zh1Yfr