amritadutt

November 11, 2020

Devas-Antrix Case: SC stays on US Court order of $1.2 Billion payoff

On November 4, 2020, the Apex Court stayed the execution of an arbitral award that required the Indian Space Research Organisation’s commercial arm, Antrix Corporation, to pay compensation of about $1.2 billion to a Bengaluru-based startup, Devas Multimedia Private Limited, over cancelling of a 2005 agreement. A Federal Court in Washington had ordered execution of the award dated Sept 14, 2015, in favour of Devas Multimedia & asked the Govt of India entity to deposit the compensation with 18 per cent annual interest that worked out to $1.2 billion. Antrix terminated the deal in Feb 2011. The dispute between Antrix & […]
November 11, 2020

Supreme Court directs Airtel, Vodafone to disclose details about ‘Segmented Offers’ to TRAI

The Supreme Court of India in the case of Telecom Regulatory Authority of India v. M/S Bharti Ltd and Ors. comprising of three-Judge Bench Justice S.A. Bobde, Justice A.S. Bopanna And Justice V. Ramasubramahanian directs Bharti Airtel, Vodafone to disclose details about segmented Offers to Telecom Regulatory Authority of India. TRAI issued an order namely the Telecommunication Tariff (63rd Amendment) Order. Challenging the said Tariff order, Bharti Airtel Limited, Idea Cellular Limited, and Vodafone Mobile Services filed appeals in Telecom before the TDSAT. Primarily, the challenge was to the Reporting Requirements and Significant Market Power. The telecom service providers sought an […]