New Delhi (Jagran News Network): India's Space Commission in a meeting here on Saturday decided to scrap S-band deal following the controversy over spectrum allocation. After the meeting, ISRO clarified its stand by saying that it favours annulment of Antrix-Devas deal.

Post meeting ISRO chief Radhakrishnan speaking to a news channel said that other than annulment of S-band deal, restructuring of the Indian Space Research Organisation (ISRO) and its commercial arm Antrix has also been decided.  He added, “New Antrix Chief will be appointed.” However, final decision on this will be taken by March 9.

The meeting was also attended by V. Narayanasamy, the Minister of State in the Prime Minister's Office, National Security Advisor Shivshankar Menon and top officials of the ISRO.

Earlier, Prime Minister Manmohan Singh on Thursday had formed a two-member commission comprising Planning Commission member B.K. Chaturvedi and Space Commission member Roddam Narasimha to probe the alleged loss of revenue to the government in the Antrix-Devas contract for lease of S-band spectrum.

The Comptroller and Auditor General (CAG) in its report had indicated that the alleged deal between Antrix and Devas caused the nation an estimated loss of Rs.2 lakh crore.