Bangalore: Antrix, the commercial arm of ISRO has moved a local court seeking directions to restrain Devas Multi-media from proceedings with the arbitration it has filed against it in an international court in Paris on cancellation of agreement on S band spectrum allocation.
Antrix, which cancelled its agreement with Devas, filed the petition before the Additional City Civil and Session Court, seeking an interim injunction against Devas.
Judge D B Patil, after hearing counsels for Antrix, posted the matter for February 25 for further arguments.
The suit is to restrain Devas from proceeding with the arbitration at International Court of Arbitration in Paris....
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03:59 PM, Feb 09, 2012
New Delhi: The S-band spectrum row is back to haunt the government with the Devas Multimedia moving the International Court of Arbitration (ICA) on Monday seeking restoration of its contract with Antrix, the commercial arm of Indian Space Research Organistaion (ISRO). Devas Multimedia has issued a statement confirming it approached the ICA in regard to the breach of contract by Antrix. "Devas confirms having exercised its rights and filed for...
02:56 PM, Jul 11, 2011
New Delhi: A Parliamentary panel is scheduled to commence on Wednesday the examination of the Antrix-Devas deal, which was annulled by the government amid a controversy. Officials from the Department of Space are expected to brief Parliament's Committee on Estimates, chaired by Congress MP Francisco Sardinha, on the details of the deal under which Antrix Corporation, ISRO's commercial arm, had agreed to lease bulk space segment in S-band on two...
08:46 AM, Apr 03, 2011
New Delhi: The Department of Space has recommended the cancellation of the controversial S-band spectrum deal between Devas Multimedia and Antrix Corporation, the commercial army of Indian Space Research Organisation (ISRO). The note for termination of the S-band spectrum deal has been sent to the Union Cabinet. The Cabinet Committee on Security will discuss the issue and take the final decision next week. "As we have informed and apprised the...
04:27 PM, Feb 12, 2011
New Delhi: Devas Multimedia has hit back at the Government over what it calls are delays in the S-band spectrum deal. Devas Multimedia President and CEO Ramachandran Viswanathan issued a statement on Thursday claiming that the deal with Antrix Corporation, the commercial arm of Indian Space Research Organisation (ISRO), had all the necessary approvals and the delivery has been delayed by over two years. "Devas Multimedia has a legally binding...
01:16 PM, Feb 10, 2011
