Antrix v Devas: Supreme Court upholds setting aside of ICC order that directed Antrix to pay $560 million

The Court refused to interfere with a Delhi High Court order which set aside the arbitral award in favour of Devas.
Supreme Court of India
Supreme Court of India

Putting quietus to litigation that lasted almost a decade, the Supreme Court recently refused to uphold an arbitral award of the International Chamber of Commerce (ICC) that had directed Antrix Corporation Limited to pay damages of over US$ 560 million with interest to Devas Multimedia Private Limited (Devas Employees Fund US LLC v. Antrix Corporation Limited and ors)

Loading content, please wait...

Related Stories

No stories found.
Bar and Bench - Indian Legal news