July 26, 2016 2:25 PM

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Devas-Antrix deal: Tribunal rules against Indian govt

According to a PTI report, the Hague based Permanent Court of Arbitration Tribunal has ruled against Indian government in Devas Antrix contract. <br/><br/>The report said, the Tribunal in its ruling yesterday, held that the government's action constituted an expropriation. The government had annulled a contract between Devas Multimedia and Antrix corporation on security ground denying commercial use of S-band spectrum in 2011.

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