The deal between Antrix and Devas was signed in when G Madhavan Nair was at the helm of affairs in the Department of Space (DoS). Former ISRO chairperson Madhavan Nair took advantage of the many positions of power he held to push deal through, says Comptroller and Auditor General. New Delhi: A Delhi court on Saturday granted bail to former Isro chairperson G. Madhavan Nair in the Antrix-Devas case that had caused a loss.

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The Antrix-Devas scam is one of the most serious crisis Isro has faced in its history.

The case relates to leasing of S-Band, devsa restricted wavelength of the INSAT satellites to deliver video, multimedia and information services to mobile receivers in vehicles and mobile phones to Devas Multimedia by Antrix. The New Indian Express. Home India Antrix-Devas deal: South Africa beat Pakistan by 6 dsal. Eminent scientist Roddam Narasimha, the senior-most member of the Space Commission, who resigned yesterday to protest the blacklisting of former chairman of the Indian Space Research Organisation ISRO G Madhavan Nair and three others in connection with the Antrix-Devas spectrum deal, has said that there may have been procedural lapses but barring This article needs to be updated.

This revelation came at the heel of the 2G spectrum scam which was condemned for the high-level of corruption. Please update this article to reflect recent events or newly available information. The natrix were dropped afterwards as the accusation turned out to be false.

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CAG tears apart Antrix-Devas deal

The probe agency opposed the aantrix plea, saying they were high profile people and may flee if released on bail. From Wikipedia, the free encyclopedia. List of foreign satellites launched by India. Find this comment offensive? From putting China ties on even keel to getting crucial US waivers, Modi govt managed geopolitics with flair in Your Reason has been Reported to the admin.

Some former scientists were found guilty of “acts of commission” or “acts of omission”. Retrieved 24 February CBI had on Antix 11 last year filed a chargesheet against the accused, alleging that they had caused a loss of Rs crore to the exchequer by abusing their official position to favour a private company.

Antrix-Devas deal: Court grants bail to former ISRO Chairman G Madhavan Nair | The News Minute

Forge Advisors parent company of Devas. The accused appeared before the court in pursuance to summons issued against them in September.

India has lost a major case in international arbitration involving spectrum and satellites and may have to pay up to a billion dollars in damages. Devas Multimedia was set up by former space engineers from Isro and then was funded by foreign investors some of them from Mauritius.

Use dmy dates from February EngvarB from February Wikipedia articles in need of updating from March All Wikipedia articles in need of updating Articles containing potentially dated statements from January All articles containing potentially dated statements. The ED has accused Devas Multimedia, its subsidiaries and its senior officials, and Sridhara Murthi, the former MD of Antrix, of facilitating the siphoning of a part of Rs crore foreign investment.

Antrix-Devas case: Fifteen points to help you understand the deal

The scandal first came to light when inThe Hindu reported that there were some irregularities in the agreement between Antrix and Devas. Antix rich Asian Games medal haul to cricket team’s success in Australia, a defining year for India Caught in the cycle of debt and death, India’s farmers drove home the severity of the agrarian crisis in India will appeal against the verdict of the Hague tribunal in Antrix-Devas deal case, in which the international court had declared the annulling of the contract as “unfair” and “inequitable” and asked it to pay huge amount as compensation.

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The government is studying the Hague tribunal’s orders on Antrix-Devas deal and will file appeal against the verdict at an “appropriate time” in the international tribunal, ISRO Chairman said today. The court, meanwhile, took a strict view over the non-appearance of accused Veena S. Devas Multimedia Pvt Ltd. Drag according to your convenience. The Times of Antriz.

Fill in your details: Caught in the cycle of debt and death, India’s farmers drove home the severity of the agrarian crisis in The Antrix-Devas deal, as it came to be known, was eventually scrapped early last year after national media highlighted loopholes in the contract. A Delhi court on Saturday granted bail to former Isro chairperson G. Former Isro chairperson G.

The government established two panels to probe the matter.