Devas-antrix case: Supreme Court stay on US court order of $1.2 billion payoff

The Supreme Court on Wednesday stayed the execution of an arbitral award that required the Indian Space Research Organisation’s commercial arm, Antrix Corporation, to pay compensation of about $1.2 billion to a Bengaluru-based startup, Devas Multimedia Private Limited, over cancelling of a 2005 agreement

from Hindustan Times - india https://ift.tt/32faOBd

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