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Investment treaty awardAssets attached

CC/Devas (Mauritius) v. India

Canceled satellite spectrum contract

Headline amount
$111.3MPrincipal
Respondent
IndiaState
Awarded
Oct 13, 2020Quantum award. Merits award July 25, 2016
Status
Assets attachedAssets frozen or attached, nothing realized

Latest development Jun 24, 2026

The English Court of Appeal upheld India’s immunity.

The award

Amount awarded
$111.3M plus interest (LIBOR plus 2%, compounded)
Current estimate
About $194M (GAR)
Award holder
CC/Devas (Mauritius) Ltd, Devas Employees Mauritius and Telcom Devas Mauritius (CCDM Holdings)
Respondent
Republic of India
Forum
PCA 2013-09 · India–Mauritius BIT · UNCITRAL · seat The Hague

Challenges

India’s Dutch challenges failed in the Hague District Court (November 14, 2018) and the Hague Court of Appeal (February 16, 2021). Supreme Court outcome not verified.

Enforcement

Canada: the Quebec Court of Appeal held India not immune (2024 QCCA 1620), the Supreme Court of Canada denied leave in 2025, and a court declined to summarily dismiss two of India’s defenses (August 11, 2026). $37.5M of Airports Authority of India funds were seized before judgment. Australia: the High Court held India immune on April 8, 2026 ([2026] HCA 9). England: the Court of Appeal held India immune on June 24, 2026 ([2026] EWCA Civ 797). United States: D.D.C. 21-cv-106 (status not verified).

Recovered to date

None. $37.5M seized in Quebec.

Notes

Courts in Canada, Australia and England have reached different results on state immunity.