The Telecom Disputes Settlement And Appellate Tribunal (TDSAT) on Monday adjourned hearing on the Nimbus plea challenging the directions of the telecom regulator TRAI asking it to reduce the price of its two channels Neo Sports and Neo Sports Plus.
During the proceedings in the TDSAT, the Nimbus counsels sought adjournment on the ground their appeal for interim stay against TRAI's direction was pending before the Supreme Court.
Nimbus has approached the tribunal against the direction of telecom regulator, which had on January 12 directed it to reduce price of its channels to Rs 21.25 in non-CAS areas and Rs 5 in CAS notified areas.
The broadcaster had last year bagged the four-year BCCI cricket telecast rights in an over $600-million deal. Last September, the company priced its channels Neo Sports and Neo Sports Plus at Rs 49.50 per month and fixed the bouquet price at Rs 58.50. However, on January 16 this year, the tribunal declined to grant stay on the regulator's finding and directed it to reduce price. Later, Nimbus challenged it before the Delhi High Court, which also rejected its plea. The case is now pending before the Supreme Court.