In a major setback for Antrix Corporation, the commercial arm of ISRO, a federal court in the US has directed it to pay a compensation of $1.2 billion to Bengaluru-based start-up, Devas Multimedia, for canceling a 2005 satellite deal. Antrix had signed a deal with Devas in January 2005 for building and launching two satellites to provide multimedia services using the space band spectrum.
source https://www.newsbytesapp.com/timeline/business/68094/321407/antrix-devas-deal-setback-for-antrix-in-us-court
source https://www.newsbytesapp.com/timeline/business/68094/321407/antrix-devas-deal-setback-for-antrix-in-us-court
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