Satellite Co. Investors Seek OK Of $111M Award Against India
Law360 (January 13, 2021, 6:45 PM EST) -- A trio of Mauritius-based investors in an Indian satellite company has brought a $111 million arbitral award it won against India following a dispute over a nixed deal to deliver communications services throughout the country to Washington, D.C., for enforcement.
Investors CC/Devas (Mauritius) Ltd., Devas Employees Mauritius Private Ltd. and Telcom Devas Mauritius Ltd. urged the D.C. federal court in a Wednesday petition to allow them to begin targeting India's assets to collect the award, issued last October, which totals more than $121 million with interest and attorney fees.
The companies, all investors in Devas Multimedia Pvt. Ltd., won the award after...
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