In its ruling yesterday, the PCA tribunal also found that India breached its treaty commitments.
- Devas-Antrix deal: India loses arbitration case at the Hague
- 18:46 HRS IST
- Bengaluru: India has lost the arbitration case in an international tribunal over its space marketing agency Antrix Corp annulling a contract with city-based private multimedia firm Devas and may have to fork out millions of dollars in damages. A Permanent Court of Arbitration (PCA) tribunal based in the Hague ruled that the Indian government had acted "unfairly" and "inequitably" in cancelling the contract involving use of two satellites and spectrum.