Antrix-Devas Deal: India to Appeal Against Hague Tribunal Verdict

The tribunal ruled that the Indian government acted unfairly and inequitably in cancelling Antrix-Devas contract.

• India will appeal against the verdict of the Hague tribunal in Antrix-Devas deal case, in which the international court had declared the annulling of the contract was “unfair” and “inequitable”, costing India a substantial amount as compensation.
  
  
• “We will appeal against the verdict at Hague (tribunal),” said A S Kirankumar, Secretary, Department of Space. He, however, declined to comment any further on the issue.
  
  
• India lost the arbitration case in a Permanent Court of Arbitration (PCA) tribunal based in the Hague over its space marketing PSU Antrix Corp annulling a contract with Bengaluru-based private multimedia firm Devas.
  

(With inputs from PTI)

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