ISRO to contest damages in Devas-Antrix deal
In a belated response, state-run Indian Space Research Organisation (ISRO) on Wednesday said it would contest the damages an international arbitration court awarded to its commercial arm for cancelling a satellite contract in 2011 with a multimedia services provider.
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Bengaluru: In a belated response, state-run Indian Space Research Organisation (ISRO) on Wednesday said it would contest the damages an international arbitration court awarded to its commercial arm for cancelling a satellite contract in 2011 with a multimedia services provider.
The Netherlands-based International Criminal Court (ICC) tribunal recently awarded $672-million (Rs.4,434 crore) damages to Antrix Corporation for scrapping the $300-million deal with the city-based Devas Multimedia Ltd.
Ruling in favour of the company in the controversial case, the court found Antrix liable for unlawfully terminating the agreement in 2011, Devas said in a statement here.
The then UPA government cancelled the controversial Devas-Antrix contract in February 2011, invoking sovereignty and decided to use the advanced satellite (GSAT-6) for the country's strategic use.
Under the annulled deal, Antrix was to lease transponders of the satellite to Devas for allowing it to offer digital multimedia services using the S-band wavelength (spectrum), reserved for strategic purpose.
The space agency, however, launched the controversial satellite (GSAT-6) on August 27 from its spaceport at Sriharikota in Andhra Pradesh, about 90 km north of Chennai, as a communication satellite, using a heavy rocket.
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