TDSAT directs Induslnd to pay Rs 26.55 crore to Taj TV subject to verification of March payment

NEW DELHl: The Telecom Disputes Settlement and Appellate Tribunal has directed IndusInd Media & Communications Ltd to pay at least the minimum Rs.26,55,14,607 demanded by Taj TV subject to verification of payments made in March. Consequently, Indusind Counsel Vandana D Jaisingh handed over to Taj TV counsel Tejveer Singh Bhatia, four cheques amounting to Rs.10 crores.

Chairman Justice Aftab Alam and member B B Srivastava directed Indusind to pay the balance amount of Rs.16,55,14,607 subject to verification of the amount paid by it in the month of March 2016.  

The cheques would be dated 31 March but Bhatia said that they would be presented for encashment before the bank only in the first week of May. Apart from this payment, Indusind was liable to make payment for the month of April subject to any special discount, if any, in terms of the agreement.

At the outset, the Tribunal noted that during the pendency of the petition, the two sides had executed a memo of understanding (MOU) on 30 March covering the period 01 April 2015 to 31 March 2016, that is to say, the period when there was no agreement between the parties and Indusind continued to receive signals from Taj TV.

But the Tribunal noted that: “It is ironical that having executed the agreement on 30 March, the parties are once again in dispute in regard to the Indusind’s liability for payment under the MoU.”

On a prima facie reading, the MoU crystallised Indusind’s liability up to 31 January 2016 at the sum of Rs.43,61,34,240. Beyond 31 January, the monthly subscription fees for both Taj and Turner TV channels for the months of February and March 2016 came to Rs.15,41,74,250 (at the rate of Rs.7,70,87,125 for each month for Taj and Turner TV channels).  Thus, the total liability of Indusind up to 31 March.came to Rs.44,59,15,007 but taking into account certain payments made by it in the month of March, the liability went down to Rs.43,61,34,240.

Indusind also claimed certain deductions in terms of the special discount given by the respondent after the execution of the agreement. Indusind further claimed certain deductions on account of TDS.

Bhatia submitted before the Tribunal a chart that took into account the special discounts and on a deduction made for the same and Indusind’s liability further went down to Rs.26,55,14,607.

According to this chart, the collection received from Indusind in March 2016 amounted to Rs.9,97,80,767 but Jaisingh, wanted to verify the correctness of this figure as she said the payment made by Indusind in March 2016 could be a little more than the figure shown in Bhatia’s chart.


Latest Reads
FM P-III second batch auction from 25 Oct; 14 in fray

NEW DELHI: The e-auction of the second batch of FM Phase III will commence on 25 October 2016 from 09.30am.

Regulators I&B Ministry
Free data, net neutrality: Discussion on TRAI paper to be held

Given the complicated issues around net neutrality, an open house discussion is to be held in Hyderabad this month on Telecom Regulatory Authority of India’s consultation paper on free data. The OHD will be held at Hotel Trident in the Telangana capital on 24 October 2016.

Regulators TRAI
Prasar Bharati advisor reviews DD marketing and policies

Former Ministry of Information and Broadcasting (MIB) Secretary and now Prasar Bharati advisor Sunil Arora yesterday asked Doordarshan to adopt the best policies of the industry, even as he approved the planned auction of slots on DD National.

Regulators I&B Ministry
Suresh Panda may be Prasar Bharati interim CEO; liberal DD auction criteria recommended

Suresh Panda, member (personnel) in Prasar Bharati is expected to take over as the acting chief executive officer of the pubcaster after the incumbent CEO Jawhar Sircar demits office on 4 November.

Regulators People
Govt. accepts Jawhar Sircar's request for early retirement

A media-savvy chief executive of Prasar Bharati Jawhar Sircar used the social media to announce yesterday that the Indian government has accepted his resignation from the pubcaster and acceded to his request for an early retirement.

Regulators I&B Ministry
Carriage fee in interconnect draft aimed at reducing litigation

NEW DELHI: The draft of the Interconnect regulations issued by the Telecom Regulatory Authority of India has given a formula for calculation of the carriage fee. The carriage fee for each month or part thereof during the term of the interconnection agreement shall be calculated as given below:-

Regulators TRAI
TRAI issues comprehensive interconnect draft guidelines

Indian broadcast regulator came out today with its third set of draft guidelines within five days --- this time on interconnection issues. With an aim to bring about more uniformity and transparency in the broadcast carriage sector, TRAI attempts to tackle spiralling carriage cost, rampant...

Regulators TRAI
TRAI attempts greater transparency via auditor empanelment

While it remains to be seen if the provisions of the Interconnect draft will have a salutary effect on the cases pending before the Telecom Disputes Settlement and Appellate Tribunal but the Telecom Regulatory Authority of India appears to have learnt some lessons, at least as far as subscription...

Regulators TRAI
TRAI on carriage fee, other issues in draft interconnect guidelines

After taking in to consideration the comments of the stakeholders and internal analysis in TRAI, the draft regulations [the Telecommunication (Broadcasting and Cable Services) Interconnection (Addressable Systems) Regulations, 2016] along with its explanatory memorandum have been prepared.

Regulators TRAI

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories