Move to annul deal inappropriate: Devas

Devas alleged that the decision was taken without due investigative process and without following the principles of natural justice. The company also threw enough hints at taking legal steps to protect its rights and interests.

“We have concerns regarding the government’s statement on pre-meditated annulment of the agreement, despite pending High Power Committee and CAG reviews which are still in the preliminary stages. In spite of the company’s willingness to co-operate and assist in required government reviews without prejudice to our legal rights, we have not yet heard from the government in this regard,” the company said.

“The Devas-DOS/ ISRO / Antrix agreement is in line with the government’s 1997 SatCom policy. The company has complied with all its obligations... and is in compliance with all laws and rules in respect of conducting its business. The contract has not been cancelled or annulled by the government / DOS / ISRO/ Antrix as of date and Devas has not elected to terminate the agreement, despite DOS / ISRO / Antrix being in material breach,” the statement added.