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Antrix- Devas Multimedia Deal

  Feb 07, 2022

Antrix- Devas Multimedia Deal

Q Why is it in News ?

A A Canadian court has ordered the seizure of more than $30 million worth of Airport Authority of India’s assets.

Q What is the background ?

India’s non-compliance

Q Why did India cancel the deal?

Q How can a Canadian court order the attachment of Indian assets?

Q How can assets of AAI be seized when the claim is against India?

Q What options does India have?

Q What are functions of New Space India Limited (NSIL) ?

Q What is ANTRIX ?