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US Court Upholds $562.5 Million Award in Favor of Devas Multimedia Against Antrix.

Aug 17, 2026•about 10 hours ago

Contract Type

agreement

Satellite Communication

Description

A US appeals court has upheld a $562.5 million arbitral award in favor of Devas Multimedia against Antrix Corporation, now exceeding $2 billion with interest. This decision reaffirms US jurisdiction over the award, despite Antrix's ties to the Indian government.

Company Information

Company

Antrix Corporation

About

Antrix Corporation is the commercial arm of the Indian Space Research Organisation (ISRO). It is responsible for promoting and commercially exploiting products, services, and technologies developed by ISRO. The company works in satellite launches, spacecraft, and providing satellite data services. Antrix operates under the Ministry of Space, Government of India.

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