TDSAT recalls attachment proceedings against MSO Sadhna Media

NEW DELHI: The Telecom Disputes Settlement and Appellate Tribunal has recalled its order of attachment of properties of Sadhna Media Pvt Ltd after Siti Cable Network Ltd confirmed that the demand draft of Rs 26,87,793 handed over to it last month was in full and final settlement of a case pending since 2013.

Consequently members B B Srivastava and A K Bhargava also disposed of the execution application.

Sadhna Group is a media and broadcast business conglomerate, running multiple television channels and engaged in varied businesses of media, education, advertising, medical, mining and aviation, based in New Delhi.

Siti Networks Limited (Siti Cable Network) is a part of the Essel Group, which is one of India's leading business houses with a diverse portfolio. Being India's one of the most prominent multi-system operators (MSO), Sit is reaching a billion people.

In an order on 17 January 2017, the tribunal also directed that District Judge, Central District, Tis Hazari, Delhi, and District Judge, Gautam Budh Nagar, Noida, UP, may be informed about this order.

The tribunal had passed the attachment order on 8 September 2016 after it was informed that despite an agreement on 22 April 2014, the MSO had failed to make any payment to Siti Cable. The details of the case can be had from the TDSAT website.

Following this, the tribunal had asked Siti Cable on 30 April 2014 to withdraw its petition. However, Siti Cable filed a fresh application last year seeking attachment of the properties of the MSO -- Sadhna Media.

The evolution of the Sadhna Group can be traced to its beginning in 1977 as a small advertising agency. Apart from audio-visual programming and broadcasting, the group has varied business interests in the allied areas of television media - Sadhna/Sadhna News/Ishwar channels, advertising - print/outdoor, etc.

It was in September, 2016, an execution application (E.A.) was filed by the petitioner decree holder, Siti Cable Network, for realisation of the decretal amount of Rs.18,53,650/- in terms of order of the tribunal dated 30.4.2014.

Siti Cable Network and the respondent judgement debtor Sadhna Media Pvt. Ltd. concluded a settlement agreement before the Mediation Centre of the TDSAT on 22.4.2014. The terms of the settlement were as under: That it has been agreed by and between the parties that the respondent shall pay an amount of Rs. 18,53,650/- to the petitioner in full and final settlement of all dues. That the above amount shall be paid by the respondent in six equal monthly installments of Rs.3,08,942/- each commencing from 30 April, 2014, by way of a cheque/demand draft.

Latest Reads
MIB to hold MSO conference on 18 December

Ministry of Information and Broadcasting (MIB), through Broadcast Engineering Consultants India Ltd (BECIL), is organising a conference of MSOs, the cable TV industry representatives, that will be held on 18 December in New Delhi. The discussions will pertain to several issues related to broadband...

Regulators I&B Ministry
TDSAT gives 30 days to Tata Sky, IndiaCast to sign agreement

Direct to home (DTH) operator Tata Sky and TV18-owned content distributor IndiaCast Media have got another 30 days from the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) to enter into a content agreement under the ongoing legal spat between the two regarding a disconnection notice.

Regulators TDSAT
TRAI secretary Sunil K Gupta explains need for tariff order

After several twists and turns, Telecom Regulatory Authority of India’s (TRAI) new tariff order crossed its last legal hurdle in the Supreme Court on 30 October. Now, with less than one month left for the implementation of the regulations, several questions still concern the industry stakeholders.

Regulators TRAI
TRAI extends deadline for comments on OTT consultation paper

India’s telecom and broadcast regulator TRAI released a new consultation paper last month on OTT services seeking to expand the definition of the sector and also the regulator’s jurisdiction over a sector till now “unregulated”. The deadline for receiving comments on the consultation paper has been...

Regulators TRAI
MIB proposes to strengthen govt-citizen interface

Months after a country-wide uproar and nudges from the judiciary forced the Indian government to shutter a Big Brother-type initiative involving tracking of Indians’ digital footprints, Ministry of Information and Broadcasting is taking another shot to “understand citizen views expressed publicly...

Regulators I&B Ministry
MIB mulls national b'cast policy to ease stakeholders' woes

India’s Ministry of Information and Broadcasting is exploring formulating a national broadcast policy or NBP with an aim to ease lengthy and time consuming government processes that media and entertainment industry players have to go through while conducting their businesses.

Regulators I&B Ministry
New DTH policy bonanza for operators likely by year-end

If all goes well, India’s DTH operators may have something to cheer about in the new year.

Regulators I&B Ministry
TRAI tariff issue back in Supreme Court

The twists and turns in the case of a new tariff regime being sought to be implemented by broadcast and telecoms regulator TRAI continues. It has filed a petition in the Supreme Court on the issue of 15 per cent cap on discount on a bouquet price of TV channels to consumers that had been set aside...

Regulators TRAI
MIB secy Amit Khare advocates self-regulation in media

Making a strong case for self-regulation, Ministry of Information & Broadcasting Secretary Amit Khare today said it was a better regulatory approach for India’s media and entertainment sector.

Regulators I&B Ministry

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories