India, Aug. 13 -- The US Court of Appeals for the Ninth Circuit has upheld key parts of a US court judgment of about $1.2 billion against Antrix Corp., the commercial arm of the Indian space agency, in the long-running Devas Multimedia dispute. The court also rejected Antrix's arguments that the case should be heard in India and that US courts lacked jurisdiction over the company. However, the ruling does not finally settle whether India's decision to set aside the original arbitration award will affect enforcement of the US judgment. That question has now gone back to the district court for a decision.

The money involved comes from a 2015 arbitration award in favour of Devas Multimedia Private Ltd. The International Chamber of Commerce ...