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India loses arbitration case to Devas in The Hague, likely to pay one billion dollar damages and face investment contraints

India loses arbitration case to Devas in The Hague, likely to pay one billion dollar damages and face investment contraints

The Hague, July 26 (IBNS) Suffering a huge embarrassment India has lost a big arbitration case in the International Tribunal in The Hague for cancelling a satellites and spectrum deal with Devas Multimedia, reports said on Tuesday.