Regulators

TDSAT permits MSO defaulter to clear decretal dues by mid-November 2016

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NEW DELHI: ACME Digicom Pvt. Ltd. MD Raj Kumar Mishra, against whom the Telecom Disputes Settlement and Appellate Tribunal had on 12 July 2016 issued bailable warrant of arrest has finally appeared and given a cheque for Rs three lakh in a petition by decree holder SITI Cable Network Limited [Successor in interest of Wire & Wireless {India) Ltd].

Mishra also told Member B B Srivastava on 22 August that he should be given time till 15 November 2016 to clear the decretal amount in full.

Directing the matter to be listed for 21 November 2016, the Tribunal asked Mishra to file an affidavit after liquidating the entire balance and to be present before the Tribunal on the next date.

In the hearing on 12 July 2016, Siti Cable Counsel Tejveer Bhatia had said that pursuant to the order dated 19 April 2016, one cheque for Rs two lakhs was encashed. However, two cheques dated 30 May 2016 and 30 May 2016 for Rs.4 lakhs each have not been honoured by the bank.

He had submitted that the outstanding was still to the tune of Rs 40 lakhs.

The Tribunal had issued the arrest warrant after noting that ?his (Mishra?s) conduct all along has been in the form of resiling from the commitment made.

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