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Devas Seizes $87,457 Cash In US In Antrix Dispute
Devas Multimedia has seized USD 87,457.47 cash that ISRO's commercial arm Antrix Corporation held in the US as it looked to enforce a USD 1.2 billion compensation it had won over a cancelled satellite deal, its lawyer said on Wednesday.
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Devas Shareholders To Continue Seizing Overseas Indian Assets
Unfazed by Supreme Court upholding winding up of the company, shareholders of Devas Multimedia will continue to seek seizure of overseas Indian assets
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Backed By Supreme Court Order, Government Says Will Target Devas Assets
The government will use the Supreme Court order calling the 2005 deal between ISRO's commercial arm Antrix and privately-ownedDevasMultimedia a fraudto counter seizure of its properties, Finance Minister Nirmala Sitharaman said
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Government To Oppose International Award To Devas, Says Finance Minister
Government will oppose the international award given to Devas Multimedia Limited after the Supreme Court upheld NCLAT's order to wind up the company
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Antrix-Devas Case: 10 Key Things To Know
The Supreme Court on Monday dismissed an appeal filed by Devas Multimedia challenging a court order to wind up the company. A day later, Finance Minister Nirmala Sitharaman said a 2005 deal between Devas and Antrix Corporation was a proven fraud.
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Supreme Court Upholds Winding Up Of Devas Multimedia
The Supreme Court on Monday upheld the winding up of Devas Multimedia saying," it is a case of fraud of a huge magnitude which cannot be brushed under the carpet, as a private lis".
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US Court Asks ISRO's Commercial Arm To Pay $1.2 Billion To Bengaluru Firm
A US court has asked Antrix Corporation, the commercial arm of ISRO, to pay compensation of USD 1.2 billion to a Bengaluru-based startup, Devas Multimedia, for cancelling a satellite deal in 2005.
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Probe Agency Imposes Rs 1,585 Crore Penalty On Devas For Forex Violation
The Enforcement Directorate imposed a Rs 1,585 crore penalty on satellite services provider Devas Multimedia Ltd, its directors and foreign investors for illegal foreign investment of Rs 579 crore against the Foreign Exchange Management Act 1999
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Antrix Deal: Devas Assets Worth Over Rs 79 Crore Attached
Assets worth over Rs 79 crore, belonging to Devas Multimedia Private Limited, has been attached by the Enforcement Directorate in connection with its money laundering probe in the Antrix-Devas deal.
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Devas Falsely Claimed To Have IPR Of Hybrid Technology: CBI
Devas Multimedia had pocketed the deal with Antrix within a month of its inception on the basis of an allegedly false claim that it has IPR of a new technology for delivering multimedia content which saw its share price skyrocket 12,5000 times, according to CBI.
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Ex-ISRO Chairman G Madhavan Nair Named In Antrix-Devas Case Chargesheet
Former ISRO chairman G Madhavan Nair has been named as one of the accused by the Central Bureau of Investigation in its chargesheet in the Antrix-Devas deal case today.
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Antrix-Devas Case: Former ISRO Chief Questioned By CBI
CBI today questioned former ISRO Chairman G Madhavan Nair in connection with the case registered by the agency for probing alleged Rs 578-crore "wrongful" gain to a private multi-media company Devas by Antrix, the commercial arm of ISRO.
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CBI Examines Former ISRO Chief Radhakrishnan in Antrix Deal
Former ISRO Chairman K Radhakrishnan has been examined by CBI in connection with the agency's probe into alleged irregularities in an agreement between private multi-media company Devas and Antrix, the commercial arm of Indian Space Research Organisation.
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Antrix-Devas Deal: Enforcement Directorate Files Money Laundering Case
The Enforcement Directorate (ED) has registered a money laundering case to probe alleged Rs 578 crore "wrongful" gain to private multi-media company Devas by Antrix, the commercial arm of ISRO.
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ISRO to Launch Satellite For Strategic Applications
India will launch an advanced communications satellite (GSAT-6) in July or August for strategic applications, its space agency chief said today.
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Devas Seizes $87,457 Cash In US In Antrix Dispute
Devas Multimedia has seized USD 87,457.47 cash that ISRO's commercial arm Antrix Corporation held in the US as it looked to enforce a USD 1.2 billion compensation it had won over a cancelled satellite deal, its lawyer said on Wednesday.
-
Devas Shareholders To Continue Seizing Overseas Indian Assets
Unfazed by Supreme Court upholding winding up of the company, shareholders of Devas Multimedia will continue to seek seizure of overseas Indian assets
-
Backed By Supreme Court Order, Government Says Will Target Devas Assets
The government will use the Supreme Court order calling the 2005 deal between ISRO's commercial arm Antrix and privately-ownedDevasMultimedia a fraudto counter seizure of its properties, Finance Minister Nirmala Sitharaman said
-
Government To Oppose International Award To Devas, Says Finance Minister
Government will oppose the international award given to Devas Multimedia Limited after the Supreme Court upheld NCLAT's order to wind up the company
-
Antrix-Devas Case: 10 Key Things To Know
The Supreme Court on Monday dismissed an appeal filed by Devas Multimedia challenging a court order to wind up the company. A day later, Finance Minister Nirmala Sitharaman said a 2005 deal between Devas and Antrix Corporation was a proven fraud.
-
Supreme Court Upholds Winding Up Of Devas Multimedia
The Supreme Court on Monday upheld the winding up of Devas Multimedia saying," it is a case of fraud of a huge magnitude which cannot be brushed under the carpet, as a private lis".
-
US Court Asks ISRO's Commercial Arm To Pay $1.2 Billion To Bengaluru Firm
A US court has asked Antrix Corporation, the commercial arm of ISRO, to pay compensation of USD 1.2 billion to a Bengaluru-based startup, Devas Multimedia, for cancelling a satellite deal in 2005.
-
Probe Agency Imposes Rs 1,585 Crore Penalty On Devas For Forex Violation
The Enforcement Directorate imposed a Rs 1,585 crore penalty on satellite services provider Devas Multimedia Ltd, its directors and foreign investors for illegal foreign investment of Rs 579 crore against the Foreign Exchange Management Act 1999
-
Antrix Deal: Devas Assets Worth Over Rs 79 Crore Attached
Assets worth over Rs 79 crore, belonging to Devas Multimedia Private Limited, has been attached by the Enforcement Directorate in connection with its money laundering probe in the Antrix-Devas deal.
-
Devas Falsely Claimed To Have IPR Of Hybrid Technology: CBI
Devas Multimedia had pocketed the deal with Antrix within a month of its inception on the basis of an allegedly false claim that it has IPR of a new technology for delivering multimedia content which saw its share price skyrocket 12,5000 times, according to CBI.
-
Ex-ISRO Chairman G Madhavan Nair Named In Antrix-Devas Case Chargesheet
Former ISRO chairman G Madhavan Nair has been named as one of the accused by the Central Bureau of Investigation in its chargesheet in the Antrix-Devas deal case today.
-
Antrix-Devas Case: Former ISRO Chief Questioned By CBI
CBI today questioned former ISRO Chairman G Madhavan Nair in connection with the case registered by the agency for probing alleged Rs 578-crore "wrongful" gain to a private multi-media company Devas by Antrix, the commercial arm of ISRO.
-
CBI Examines Former ISRO Chief Radhakrishnan in Antrix Deal
Former ISRO Chairman K Radhakrishnan has been examined by CBI in connection with the agency's probe into alleged irregularities in an agreement between private multi-media company Devas and Antrix, the commercial arm of Indian Space Research Organisation.
-
Antrix-Devas Deal: Enforcement Directorate Files Money Laundering Case
The Enforcement Directorate (ED) has registered a money laundering case to probe alleged Rs 578 crore "wrongful" gain to private multi-media company Devas by Antrix, the commercial arm of ISRO.
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ISRO to Launch Satellite For Strategic Applications
India will launch an advanced communications satellite (GSAT-6) in July or August for strategic applications, its space agency chief said today.
