The conclusion enumerated in the subheading might sound strange and surprising to most readers. However, both the connection and the context will become crystal clear as you read through this note.
Context
On 1st Aug 2023, the Ninth Circuit US Courts of Appeals gave a favorable judgment in favor of Antrix Corp – the commercial arm of the Indian Space Research Organization (ISRO). This judgment reverses the International Court of Justice’s Order, asking Antrix to pay $1.3 billion as compensation for unilaterally canceling an agreement (between Antrix & Devas), entered into on 28th Jan 2005 with a purpose for Devas to lease ISRO’s S-Band transponder capacity.
