ARM Corporation ATRIX Arm Antrix Commercial Research Space India may experience relief when the Supreme Court rejects multimedia multimedia bandages based on Bengaluru against the Order of the Whellate Tribunal National Law to end the company, but comes at the time of foreign investors in Devas Multimedia has moved the American Court to seek foreclosures Indian water assets in the US to recover $ 111 million compensation given to them by the International Court of the canceled satellite agreement.
In his assessment in the case of Antrix-Devas walked to 134 pages, the Supreme Court each dealing with any problems submitted by private companies and its shareholders against the entanglement and destroying all defenses raised by them, including the adverse effects on foreign investment in this country .
“We don’t know whether the action of Antrix in finding Olding Up Deva can send the wrong message to the investor community.
But it allows gods and shareholders to reap the benefits of their fraudulent actions, maybe send another wrong message by adopting fraudulent facilities and by bringing to India investment in the number of Rs 579 Crore, investors can expect to get tens of thousands of crores rupees, even after sucking Rs 488 Crore, “Ramasubramanian justice, who wrote judgment, said while referring to the international arbitration award more than Rs 15,000 Crore given for gods, Including the ICC arbitration court.
“If the seeds of the commercial relationship between Antrix and God are products from frauds carried out by DEX, every part of the plant that grows from the grains, such as agreements, disputes, arbitration awards etc., all infected with fraudulent toxins.
Fraud products contrary to policy Which public public includes India, “said the next judgment.
Testing the Decision of the SC against God, the official source at Antrix told TII, “Cases of fraud against the government, the public and invaluable assets in India cannot be hidden too long.
Our strong judicial system will one day bring it to the center of attention.
This kasing is an example Classic.
Satyameva Jayate.
“But in the US, foreign investors in Dewa have appealed in front of the Federal Court of the South New York District.
The Deva investors from Mauritius, through legal representatives Mathew D Mcgill, quoted the order of January 8, Canadian court to seek the confiscation of AI assets in the US.
They claimed that the Quebec High Court in Canada, in his administration, has identified “AI as an Indian government’s alter ego” while providing partial assistance to AI by allowing investor devas to lie to only 50% of its assets with Global Airlines Body IATA.
Investors Mauritius, who was awarded compensation of $ 111 million by the United Nations Commission on the International Trade Law Court on October 13, 2020, has followed the footsteps of the British Cairn company to obtain AI ‘Alter ego’ from India to pursue national operator’s assets as a strategy to uphold the arbitration award against Indian government.
In accordance with the January 2005 agreement, Antrix has agreed to build, launch, and operate two satellites – GSAT-6 and GSAT-6A – and rent 90% of the capacity of satellite transponders to Dexa, which has planned to use it to offer Hybrid satellites and terrestrial communication services throughout India.
Bundled into an agreement is 70 MHz from the S-band spectrum which is given a price at Rs 1,000 Crore.
Media exposure then claimed that the agreement could cause a loss of more than Rs 2 Lakh Crore to the National Expequer.
Immediately after exposure and in the midst of the allegations of manipulation in the agreement, the Government of Makmohan Singh-LED UPA canceled the agreement in 2011.