US court directs ISRO’s Antrix to compensate USD 1.2 billion for Bengaluru start-up
A US court has issued an order directing the commercial wing of Indian Space Research Organization (ISRO), Antrix Corporation to pay a compensation amount of USD 1.2 billion to a start-up company based in Bengaluru, Devas Multimedia, as it canceled a satellite deal in 2005. According to the formal agreement signed in2005, Antrix had given…