International Tribunal rules against India in Devas-Antrix deal

The Hague, July 26 (IBNS): In a major blow to its image as an investment destination, India lost a big arbitration case in the International Tribunal in The Hague for cancelling a satellites and spectrum deal with Bangalore-based Devas Multimedia and could end up paying damages worth a billion dollars.

India loses arbitration case to Devas in The Hague, damages could be $1 Billion

The Hague, July 26 (IBNS) India has lost a big arbitration case in the International Tribunal in The Hague for cancelling a satellites and spectrum deal with Devas Multimedia and might end up paying a billion dollars in damages, said reports.