Antrix-Devas case setback: Dutch SC upholds $111 million award

In 2022, the Delhi HC set aside the ICC tribunal's $562.5 m award of 2015, ruling that the 2005-era Antrix-Devas contract was fraudulent and violated India's "public policy." In January 2022, the Supreme Court affirmed the liquidation/winding up of Devas Multimedia on similar grounds, and in 2023 it also dismissed an appeal filed against the decision.