India, though, retained its ground. It maintained that the transaction was terminated due to the rising demand for S-band satellite spectrum for national security concerns. In addition to the International Court of Justice, Devas filed claims against India under "Bilateral Investment Treaties." Both the DT Tribunal and the India-Mauritius BIT tribunal decided in favor of Devas investors and ordered them to pay fines.
We use cookies to ensure you have the best browsing experience on our website. By using our site, you
acknowledge that you have read and understood our
Cookie Policy &
Privacy Policy
