SC dismisses SLP of Devas; big win for us as startup can’t enforce ICC award in India: Antrix

The Supreme Court of India has dismissed the special leave petition of space startup Devas Multimedia, relating to a $562.5 million award made in its favor by the ICC International Court of Arbitration in 2015. The court stated that the order did not require interference, effectively putting an end to Devas’ legal remedies in enforcing the award in India.