Republic of India c. CCDM Holdings
CCDM Holdings, LLC
Devas Employees Fund US, LLC

- Parties: The appellants were CCDM Holdings, LLC; Devas Employees Fund US, LLC; and TELCOM Devas, LLC. The respondent was the Republic of India. 

- Subject Matter: This case involved three consolidated appeals – with the file numbers 500-09-030393-235, 500-09-029899-226, 500-09-700124-225 – in the context of an application for recognition and enforcement of two foreign arbitral awards. The Republic of India was ordered to pay US$111 million to Devas Multimedia Services’ investors and shareholders, namely CC/DEVAS (Mauritius) Ltd., Devas Employees Mauritius Private Limited, and Telcom Devas Mauritius Limited, domiciled in the Republic of Mauritius. The respondents took over these proceedings. 

- Ruling: The appeal court allowed the appeal for the sole purpose of adding paragraph 82.1 to the Sept. 6, 2022 judgment. The appeal court found the Loi concernant l’Association du Transport Aérien International inapplicable to the garnishment authorized on Nov. 24, 2021 for all sums of money received, collected, or held by the International Air Transport Association (IATA) before May 5, 2022. The appeal court addressed the possible effect of the legislation on the seizure by third parties, which targeted the sums of the Airport Authority of India (AAI) that the IATA held or could hold in the future. The AAI had filed a second request for the annulment of this seizure. 

- Date: The appeal court released its decision on Dec. 4, 2024. 

- Venue: This was a case before the Court of Appeal of Quebec. 

- Amount: The appeal court awarded no legal costs, given the appeal’s mixed outcome. 

Court of Appeal of Quebec
500-09-700124-225
Corporate & commercial law
$ 0
Appellant