Abstract
Antrix (ISRO) entered into a contract with Devas in 2005. A dispute arose when Antrix terminated the contract in 2011 on the grounds of fraud and violation of the public policy of India. After Devas invoked the arbitration clause in the International Chamber of Commerce (ICC), Paris, ICC rendered an award of approximately USD 600 million in favour of Devas in 2015. The Supreme Court of India set aside the award. Since then, the matter continued to be argued in several courts in different countries, leaving the dispute unresolved as of 2024. The case brings to light several questions on public policy, fraudulent contracts and enforcement of foreign arbitral awards.
Additional Information
| Product Type | Case |
|---|---|
| Reference No. | JSW0004 |
| Title | Antrix-Devas: Dispute as in 2024 |
| Pages | 12 |
| Published on | Aug 4, 2025 |
| Year of Event | 2011-2024 |
| Authors | Agarwal, Anurag K. ; |
| Area | JSW School of Public Policy (JSW) |
| Discipline | International Business, Public Policy and Law |
| Sector | Government, Public Sector |
| Learning Objective | 1. Understand the importance of public policy and public interest in making contractual decisions in a democracy. 2. Evaluate the issues of sovereignty in international contracts, court decisions and conflict of laws. 3. Assess the role of international commercial arbitration in resolving disputes when public policy issues are involved. |
| Keywords | Public Policy; Contracts; Fraud; Arbitration; Space; Sovereignty |
| Country | India |
| State | Karnataka |
| City | Bengaluru |
| Organization | Antrix and Devas |
| Access | For All |
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