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Antrix-Devas case: Delhi HC to pronounce verdict on arbitral award | Latest News India

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The Delhi high court will on Friday pronounce its judgment on satellite-based multimedia services provider Devas Multimedia Private Limited’s plea against a single-bench judge’s order in August that set aside the 15000 crore arbitral award granted to it over a sudden termination of its agreement with Indian Space Research Organisation’s commercial and marketing arm Antrix Corporation Limited.

Justice Sachdeva said being a product of fraud, Devas and its shareholders cannot be allowed to reap the benefits of their fraudulent action. (Shutterstock)
Justice Sachdeva said being a product of fraud, Devas and its shareholders cannot be allowed to reap the benefits of their fraudulent action. (Shutterstock)

Devas signed a contract with Antrix in 2005 in connection with the building and launching of satellites and providing its internet services. Antrix cancelled the contract in 2011 citing extraordinary circumstances amid reports of procedural and regulatory irregularities. Devas moved a tribunal against the move.

In September 2015, the tribunal awarded 15000 crore as damages and interest to Devas.

The Supreme Court in January 2022 affirmed the findings of the National Company Law Appellate Tribunal that Devas was set up for a “fraudulent and unlawful purpose” of “unjust enrichment”.

In August, Justice Sanjeev Sachdeva of the Delhi high court held the arbitral award suffered patent illegalities and fraud. He said the award was also in conflict with the “public policy of India”.

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Justice Sachdeva said being a product of fraud, Devas and its shareholders cannot be allowed to reap the benefits of their fraudulent action.

He cited the Supreme Court’s judgment saying the “seeds of the commercial relationship between Antrix and Devas were a product of fraud perpetrated by Devas and thus, every part of the plant that grew out of those seeds, such as the agreement, the disputes, arbitral awards, etc, are all infected with the poison of fraud”.

Devas challenged the single-judge bench’s order before a division bench. It argued Antrix was not entitled to terminate the agreement.

A bench of chief justice Satish Chandra Sharma and justice Subramonium Prasad reserved its order on the matter on December 16.


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Morning brief: TMC MP slams BJP leaders for sharing stage with Bilkis rapist | Latest News India

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‘Monsters…’: Mahua Moitra after BJP leaders seen on stage with Bilkis Bano’s rapist

Trinamool MP Mahua Moitra (File Photo/PTI)
Trinamool MP Mahua Moitra (File Photo/PTI)

Shailesh Bhatt, one of the 11 convicts in the Bilkis Bano gangrape and murder case, was seen on stage with BJP MP Jasvant Sinh Bhabhor and MLA Sailesh Bhabhor. Read more

New tax regime, other rules to kick in from Apr 1: What taxpayers need to know

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Watch: Mumbai’s historic WPL title gets overshadowed by controversial Shafali Verma decision, Delhi raise question

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Delhi fans were left irked with a controversial decision, which cost their side the wicket of explosive opener Shafali Verma. Read more

Jatin Goswami says Patna Shukla co-star Satish Kaushik wished him on Holi: ‘Huge loss personally’

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Uorfi Javed, Sunny Leone, Sayani Gupta, Guneet Monga and other stars stun at OTTPlay Changemakers Awards

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Dalai Lama bowls a googly at China, appoints Mongolian head of Buddhism | Latest News India

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The 14th Dalai Lama is a frail 87 year old who believes that he will live up to the biological age of 113 and has no immediate plans to announce his reincarnation as head of influential Gelugpa school of Tibetan Buddhism. The Communist Party of China hates him and calls him a “splittist” as President Xi Jinping pursues his Sinicization of Tibet policy with Beijing abrogating the power of official reincarnations of high lamas of the four schools of Tibetan Buddhism. Yet at this advanced age, the cancer survivor managed to bowl a googly to Beijing and clean bowled Xi Jinping regime by announcing the reincarnation of the third most senior lama or spiritual leader of Tibetan Buddhism and the head of the Gelugpa school in land-locked nation of Mongolia. The tenth Khalkha Jetsun Dhampa Rinpoche was anointed by the 14th Dalai Lama in a ceremony attended by some 600 Mongolians who travelled to Dharamshala to attend an event that has huge ramifications in this running battle between the Dalai Lama and the CPC and for survival of Tibetan Buddhism.

The 14th Dalai Lama with the Tenth Khalkha Jetsun Dhanoa Rinpoche in Dharamshala
The 14th Dalai Lama with the Tenth Khalkha Jetsun Dhanoa Rinpoche in Dharamshala

There are unconfirmed reports that the eight year old boy, who was born in the US in 2015, was anointed as the Tenth Khalka in a ceremony at Mongolia’s biggest GandanTegchinlen Monastery in end-February. The ceremony was attended by the Abbot of the monastery and the high lamas of Mongolia. However, Tibetan Buddhism experts say that the eight year boy only got legitimacy after he was declared reincarnation on March 8, culmination of the exercise that the 14th Dalai Lama undertook when he visited Ulan Bator in 2016.

The Tenth Khalkha is one of the twin boys named Aguidau and Achiltai Attanmar and belongs to one of the richest business and political empires in Ulan Bator. The Dalai Lama institution in Dhamashala remains tight-lipped over the real identity of the new Mongolian Tibetan leader as they feel he would be targeted by the Chinese regime.

The 14th Dalai Lama with the Tenth Khalkha Jetsun Dhanoa Rinpoche in Dharamshala.
The 14th Dalai Lama with the Tenth Khalkha Jetsun Dhanoa Rinpoche in Dharamshala.

Sandwiched between “no limits” allies Russia and China, Mongolia has played a key role in the Dalai Lama Institution as it was the Mongolian King Altan Khan who offered the title of Dalai Lama (Ocean of wisdom) to third Gelugpa Lama Sonam Gyatso, who in return conferred the title of “Brahma”, the king of religion, on Khan. The fourth Dalai Lama Yonten Gyatso was born in 1589 in Mongolia to the Chokar tribal chieftain Tsultrim Cheje, who was the grandson of Altan Khan and his second wife PhaKhen Nula.

While New Delhi has left the religious matter to be sorted out between the Dalai Lama, China, and Mongolia, it is only a matter of time when Beijing starts mounting pressure on Ulan Bator for getting caught unawares. The appointment of Tenth Khalka Rinpoche means that Tibetan Buddhism gets a new lease of life in Mongolia and shows that the 14th Dalai Lama has not backed down in his fight against the Chinese Communist regime and remains a politico-religious force to reckon even in occupied Tibet. That the eight year leader of the head of Buddhist faith in Mongolia was formally anointed in India is also a message for Beijing as the battle for Tibetan plateau continues 73 years after Lhasa fell to Chinese communist forces.

Clearly the tussle between the 14th Dalai Lama and CPC will intensify after this development as the 87 year old has made it public that he will not be reborn in occupied Tibet, leaving the option open that the 15th Dalai Lama could emerge from either the Himalayan Belt or anywhere outside China.

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Like-minded Opposition leaders to discuss strategy for floor of house today in Parliament | Latest Updates

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Like-minded Opposition leaders to discuss strategy for
Image Source : PTI Like-minded Opposition leaders to discuss strategy for floor of house today in Parliament

Parliament: The third week of the second part of the Parliament session is underway and with the recently reported incidents of the logjam, like-minded opposition leaders will hold a crucial meeting today. It is being said that the opposition leaders will meet in the Rajya Sabha LoP chamber to discuss the strategy for the floor of the house. 

Opposition is demanding JPC on the Adani issue 

Till now parliament is witnessing a logjam as the Opposition is demanding Joint Parliament Committee (JPC) on the Adani issue and Treasury Benches were demanding an apology from Rahul Gandhi for his speech in London alleging that he defamed the country on foreign soil. 

Parliament session may witness ruckus 

However, after the disqualification of Rahul Gandhi’s Lok Sabha membership, the Parliament session is expected to witness a ruckus. Notably, Congress leaders will step up their protest against the Centre on Monday over the Adani issue and disqualification of Rahul Gandhi as MP from Lok Sabha wearing black clothes, party sources said on Sunday.

Congress MPs in the Lok Sabha and Rajya Sabha will attend the Parliament by putting on black clothes. The Congress MPs, including Rahul Gandhi, earlier in August last year, had worn black clothes and staged a protest against the Centre against price rise, GST hike on essential items and unemployment. They had marched towards the Rashtrapati Bhavan as part of their stir against the issues.

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Notably, Congress has demanded a Joint Parliamentary Committee probe into the Adani issue and staged protests in the Parliament’s ongoing Budget Session.

(with inputs from ANI) 

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