Regulators

TDSAT releases Sahara India payment for Novabase

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NEW DELHI: The Telecom Disputes Settlement & Appellate Tribunal (TDSAT) released a sum of Rs 14,94,388 deposited by Sahara India TBG Network for payment to Novabase Digital Entertainment.

The amount had been deposited with the Tribunal by Sahara India TBG Digital.

Member B B Srivastava permitted the amount to be released within a week after Novabase counsel Saurabh Upadhyay stated that on the release of the amount, his client would undertake to put an end to the present dispute and forfeit the claim of Rs 18,35,213 arising after the expiry of agreement dated 17 September 2013.

Sahara counsel Simarjeet Singh did not have any objection to this proposition.

Disposing off the miscellaneous application, the Tribunal said that this payment could be considered the full and final settlement with regard to the prayer made in the main petition.

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