Devas Wins USD 672 Million for Contract Cancellation by ISRO Arm

Bengaluru, India (IANS) Oct 02, 2015

A international tribunal has awarded $672 million (Rs.4,434 crore) to Devas Multimedia Services Ltd for the cancellation of a satellite contract by the Indian space agency arm Anrix Corporation in 2011.

“The International Criminal Court (ICC) tribunal ruled in our favour and found Anrix liable for unlawfully terminating our agreement in February 2011,” the city-based company said in a stat —> Read More