U.S. court orders India’s s space agency ISRO to pay $1.2 billion
A U.S. court has ordered Antrix, the commercial arm of India’s space agency ISRO, to pay $1.2 billion to Devas, a private company with operations in both India and the United States, for a contract they canceled arbitrarily in 2011.
This is a very complicated story going back many years. ISRO’s Antrix and Devas had agreements beginning in 2005 to work together to develop commercial satellites, with Antrix building the satellites and Devas commercializing bandwidth. In 2011 the India government cancelled the contracts unilaterally.
On February 25, 2011, Antrix issued a termination notice to Devas, which among other things stated that the policy decision was of the central government, acting in its sovereign capacity is the event of force majeure, which was an occurrence on February 23, 2011, PTI report said. “The scope and duration of the said decision cannot be anticipated. It is likely to be indefinite. It is not possible for Antrix to take any effective step to resume the obligations under the agreement,” Antrix was quoted as saying.
One of the reasons for the cancellation were accusations that payoffs were occurring between officials at both Antrix and Devas to make the deal happen.
Devas has been fighting in numerous courts for years to get compensation for that cancellation.
ISRO can probably ignore this U.S. court decision, except that if it does it will make it very difficult, if not impossible, for ISRO to do any work in partnership with the U.S., such as in the Artemis program. As soon as they try to do so, Devas will slap a lien on that operation, demanding payment.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
A U.S. court has ordered Antrix, the commercial arm of India’s space agency ISRO, to pay $1.2 billion to Devas, a private company with operations in both India and the United States, for a contract they canceled arbitrarily in 2011.
This is a very complicated story going back many years. ISRO’s Antrix and Devas had agreements beginning in 2005 to work together to develop commercial satellites, with Antrix building the satellites and Devas commercializing bandwidth. In 2011 the India government cancelled the contracts unilaterally.
On February 25, 2011, Antrix issued a termination notice to Devas, which among other things stated that the policy decision was of the central government, acting in its sovereign capacity is the event of force majeure, which was an occurrence on February 23, 2011, PTI report said. “The scope and duration of the said decision cannot be anticipated. It is likely to be indefinite. It is not possible for Antrix to take any effective step to resume the obligations under the agreement,” Antrix was quoted as saying.
One of the reasons for the cancellation were accusations that payoffs were occurring between officials at both Antrix and Devas to make the deal happen.
Devas has been fighting in numerous courts for years to get compensation for that cancellation.
ISRO can probably ignore this U.S. court decision, except that if it does it will make it very difficult, if not impossible, for ISRO to do any work in partnership with the U.S., such as in the Artemis program. As soon as they try to do so, Devas will slap a lien on that operation, demanding payment.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Just like all socialist governments, they make decisions without regard to normal business practices, ignoring the damage they cause to existing commercial relationships. Socialists don‘t care about the rule of law or anyone‘s civil rights.