Delhi HC sets aside arbitral award asking ISRO’s Antrix to pay USD 562 million to Devas
By
Biju Kumar
NEW DELHI: The Delhi High Court Monday set aside an arbitral award directing ISRO’s Antrix Corporation to pay damages of USD 562.2 million with interest to Devas for “unlawfully” terminating a deal in 2011, saying the award suffered from “patent illegalities and fraud”, and was in conflict with the public policy of India.