Thursday, November 5, 2020

SC stays execution of $1.2B damage order against ISRO's Antrix by US court

The Supreme Court on Wednesday stayed the execution of an award passed by a US court asking Antrix Corporation, the commercial arm of ISRO, to pay compensation of USD 1.2 billion to Devas Multimedia, a Bengaluru-based startup, for cancelling a 2005 satellite deal.

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