Regulators

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

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/regulators-images/2016/04/13/TDSAT.jpg?itok=5AvSMFhL

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

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/20/Madras-HC02-Story.jpg?itok=JcUTUdWD
SC to hear Star India petition on TRAI tariff order late August

The Supreme Court today listed for 28 August the special leave petition filed by Star India and Vijay TV against a tariff and inter-connect orders of regulator TRAI that had been given a go-ahead by the Madras High Court.

Regulators Supreme Court
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/20/Rajyavardhan-Rathore.jpg?itok=yLtkCj9o
MIB Minister tries to allay fears on online surveillance & privacy violations

The Indian government has denied that its proposed Social Media Communications Hub, under the jurisdiction of Ministry of Information and Broadcasting (MIB), will violate a citizen’s privacy through monitoring of social media footprints as the plan was more directed towards propagating the...

Regulators I&B Ministry
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/20/SS_Ahluwalia-Ravi_Shankar_Prasad.jpg?itok=0VW-mg-k
Fake news on social media: Law & IT Minister favours evolving a policy

The Indian government seems to be speaking in two voices over the menace of fake news. While law and IT Minister Ravi Shankar Prasad today said he would hold talks with stakeholders to evolve a policy, his junior SS Ahluwalia on Wednesday had told Parliament that the government doesn't propose to...

Regulators I&B Ministry
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/13/MIB-2-Story.jpg?itok=CHFi2uxm
Supreme Court questions MIB’s digital chatter monitoring proposal

The government proposes, Supreme Court disposes. Well, almost. Not fully yet. Though, the apex court has questioned a Ministry of Information and Broadcasting proposal to monitor digital chatter and online footprint, observing today that if done it would be "like creating a surveillance state".

Regulators I&B Ministry
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/12/rathor.jpg?itok=LerAmHNZ
Comment: Why it’s important for Rathore at MIB to walk the (sports) talk

He may have started the #HumFitToh IndiaFit campaign that went viral on social media last month and had celebs and plebs posting images of their health routine.

Regulators I&B Ministry
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/12/ccm.jpg?itok=hpq93_54
CCI reduces penalty on broadcast companies for rigging bids

The Competition Commission of India (CCI) on Wednesday waived the penalty imposed on Globecast and reduced by 30 per cent the penalty imposed on Essel Shyam Communication Ltd (ESCl), rechristened Planetcast, for bid-rigging in tenders for procurement of end-to-end broadcasting services for various...

Regulators TRAI
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/09/TRAI-Story.jpg?itok=FL77A5H2
TRAI: Make STBs, content & telecom services disabled- friendly

With an aim to make communications and TV services more accessible to people with disabilities (PWDs), the Telecom Regulatory Authority of India has come out with a series of recommendations, including a confusing one suggesting that 50 per cent TV channels to be developed in PWD-friendly and...

Regulators TRAI
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/04/Untitled-1.jpg?itok=eLYU_9Gj
Tata Sky mulls fresh petition against TRAI tariff rollout

MUMBAI: Indian DTH operator Tata Sky is exploring options of filing a fresh petition in Delhi High Court against a Telecom Regulatory Authority of India directive to implement a new tariff regime from 3 July. Industry sources indicated that though Tata Sky withdrew its petition filed in the...

Regulators TRAI
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/04/sb.jpg?itok=yJr8e0p2
VCPL to contest SEBI order on NDTV share acquisition

Following the Securities and Exchange Board of India (SEBI)’s directive to make an open offer for acquiring NDTV shares, Vishvapradhan Commercial Pvt Ltd (VCPL) has decided to appeal against the order with the Securities Appellate Tribunal.

Regulators TRAI

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories