US court bars settlement of Indian satellite dispute
A satellite contract between Devas and Antrix was part of a hybrid communications network for India (Credit: Shutterstock/Rakchai Duangdee)
A US court has temporarily blocked Bangalore-based Devas Multimedia from settling a dispute over a US$562 million ICC award against Indian state-owned satellite company Antrix – amid allegations of a “government hijacking” after a liquidator took control of Devas, accused it of fraud and fired its counsel.
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