The Antrix-Devas saga may be the most high profile case of a technology deal gone sour in India, but little has changed in India to incentivise high-technology deals involving private and public companies and prevent similar occurrences in the future.
The Supreme Court upheld a decision by the National Company Law Tribunal to disband Devas Multimedia, though this is not necessarily the end to the dispute. International courts have given verdicts favouring the private consortium seeking compensation from Antrix for cancelling a 2005 deal to lease satellite spectrum to the company to offer multimedia services.
