ICC Arbitral Award set aside by Delhi High Court, Upheld
Posted on 18 March, 2023 by Adv Amogh
Abstract : A division bench of the Delhi High Court on Friday upheld a single-judge order setting aside the arbitral award which had directed Antrix Corporation Limited (commercial arm of ISRO) to pay damages of over US$ 560 million along with interest to Devas Multimedia Private Limited. In its judgement, the division bench said that the act of fraud is an anathema to all equitable principles and every transaction tainted with fraud must be viewed with disdain by courts. "In the...
Mist in Delhi
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