UTV has initiated legal action against Stracon India, Vibrant Media, B R Vision, Ricky International and Dart Pvt. Ltd., for defaulting on payments to the company. The companies which collectively owe over Rs 2 crore to UTV.
The Delhi Metropolitan Magistrate’s court issued a non-bailable warrant against P J Singh, Managing Director of Headstart Advertising & Marketing for recovery of Rs 25 lakh. The company had issued cheques to UTV, which subsequently bounced. Headstart had bought spots on DD’s National Network for its clients for the Coca-Cola Cup International one-day series in March 2000 held at Sharjah.
In the past, UTV has succeeded in recovering money from AB Corporation by resorting to strong legal action.