Devas Multimedia is out to enforce a $1.2-billion international arbitration award arising from a failed contract with Antrix Corporation, the commercial arm of ISRO, by approaching US courts this week to lay claim on Air India’s assets abroad. Matthew D McGill, partner at Gibson, Dunn & Crutcher, and lead counsel for a number of Devas’ shareholders, explains what necessitated this latest move in the US courts, via an e-mail interview to Sudipto Dey. Edited excerpts:
With appeals pending before the National Company Law Appellate Tribunal (NCLAT) and the Supreme Court, what was the urgency for moving courts in the