The Antrix-Devas deal was a 2005 lease of 90% of S-band capacity on two ISRO satellites to Devas Multimedia for about Rs 167 crore. India cancelled it on 25 Fe…
Judge Richard Leon confirmed the $101 million treaty award against India, joining courts in Switzerland, Germany and Singapore.
US courts have jurisdiction over Antrix. Three Mauritius shareholders lacked standing. The effect of India's set-aside goes back to the district court.
No. The court said it lacked territorial jurisdiction and returned the chargesheet. The allegations are untested.
The Foreign Sovereign Immunities Act has no separate minimum-contacts requirement. The case went back to the Ninth Circuit.
The court set it aside for fraud, patent illegality and conflict with public policy. The Supreme Court left that in place in 2023.
Antrix said it was incorporated with a fraudulent motive. The NCLT agreed in 2021, and the Supreme Court upheld it.
Antrix had no legal justification to terminate the contract. Damages: about $562.5 million plus interest.
The government said S-band capacity was needed for strategic use. The Cabinet Committee on Security decided on 17 February.
A 12-year lease of 90% of S-band transponder capacity on ISRO's GSAT-6 and GSAT-6A for about Rs 167 crore.
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