India will appeal against the verdict of the Hague tribunal in Antrix-Devas deal case. This was stated by Secretary, Department of Space A S Kirankumar in New Delhi yesterday. He, however, declined to comment any further on the issue.
India lost the arbitration case in a Permanent Court of Arbitration tribunal based in the Hague over its space marketing PSU Antrix Corp annulling a contract with Bengaluru-based private multimedia firm Devas.
The tribunal ruled that the Indian government had acted unfairly and inequitably in cancelling the contract involving use of two satellites and spectrum. It asked India to pay huge amount as compensation. The government had defended the decision of annulling the deal saying it was taken considering the essential security interests.