Regulators

TDSAT directs MSO to pay Rs 2.45 crore as interim payment to Taj TV, sign agreement

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NEW DELHI: Grant lnvestrade Ltd has been directed by the Telecom Disputes Settlement and Appellate Tribunal to make an on-account payment of Rs 2.45 crore in two equal installments to Taj Television and execute an interconnect agreement on RIO terms effective from 21 June 2016.

Chairman Justice Aftab Alam and member B B Srivastava said the payments in two equal installments will be first within four weeks of 14 June 2016 and the second .within six weeks from the date of the first payment.

The interim payments and those under the RIO agreement will be without prejudice to the rights and contentions ofthe parties.

Taj Television told the Tribunal that its dues in terms of the last interconnect agreement comes to Rs 2.15 crores as on30 April 2016. Adding to it the subscript1on up to 20 June 2016 @ of Rs 92 lakhs per month the dues according toMr. Bhatia, would come to Rs four crore.

(Justice Aftab Alam has since completed his term at Chairperson of the Tribunal.)

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