Devas-Antrix case: Ninth Circuit upholds $1.2 billion US judgment, leaves India annulment unresolved
The Ninth Circuit kept the $1.2 billion Antrix judgment in place but left India’s annulment issue for the district court.
The US Court of Appeals for the Ninth Circuit has maintained key components of a $1.2 billion US judgment against Antrix Corp., the commercial arm of India's space agency, in the ongoing Devas Multimedia dispute. The court also refused Antrix's claims that the case should be heard in India and that US courts did not have jurisdiction over the company.
However, the ruling does not conclusively determine if India's decision to nullify the initial arbitration award will impact the enforcement of the US judgment. This issue has now been sent back to the district court for a decision. The disagreement began in 2005 when Antrix was supposed to provide satellite capacity to Devas, but they ended the deal in 2011.
This led to an international arbitration, which resulted in a $562.5 million award in favor of Devas in 2015.
Written by urgent.news from Hindustan Times - World News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
