Antrix deal: Devas moves international court

The deal was called off by the UPA government following the controversy over the lease of space segment in S-band stating it could not grant the spectrum to anyone for specific reasons.

Zeebiz.Com

New Delhi: Seeking to restore its contract with Antrix Corporation, the commercial arm of Indian Space Research Organisation (ISRO), Devas Multimedia has approached the International Court of Arbitration (ICA), reports said on Monday. The deal was terminated in February following the revelation of alleged wrongdoing in the allocation of the S-band spectrum.

The deal was called off by the UPA government following the controversy over the lease of space segment in S-band stating it could not grant the spectrum to anyone for specific reasons.

In its approach to the ICA, Devas said it should be compensated for breach of agreement with Antrix and that the termination of the contract be termed improper and invalid. The company also asked the international court to declare the agreement or the contract with Antrix as “fully extand and binding”. However, Devas did not ask for any monetary compensation.

Devas is said to have told ICA to direct Antrix, the Department of Space and ISRO to deliver the satellite capacity to it by October 15, 2012, adding they wanted that Antrix fulfill all its obligations under the agreement signed on January 28, 2005 to enable the firm to start operations of their services.

The Devas-Antrix deal refers to the leasing of capacity in the S-band on GSAT 6 and 6A satellites to be launched by ISRO and DoS.

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