Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

TDSAT clamps down on defaulters, Hathway Cable told to clear Neo Sports dues

TDSAT clamps down on defaulters, Hathway Cable told to clear Neo Sports dues

Author | exchange4media News Service | Wednesday, Oct 01,2008 8:43 AM

A+
AA
A-
TDSAT clamps down on defaulters, Hathway Cable told to clear Neo Sports dues

The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has taken a strong stand against defaulters. The Tribunal has asked Hathway Cable & Datacom to pay Rs 2.5 crore as outstanding dues to Neo Sports Broadcast by October 6, 2008.

On April 12, 2008, Neo Sports Broadcast had signed an agreement with Hathway, authorising them to distribute Neo channels on their existing networks, including those of their joint ventures, distributors and Bhaskar Network. The agreement was signed on an understanding that the networks that had already signed the agreement with Neo Sports before April 12, 2008, shall be excluded from the purview of this agreement.

Neo Sports alleged that Hathway had raised unrealistic issues time and again to deliberately delay payments and in the process had defaulted on the contract.

Arun Poddar, President - Distribution, Neo Sports Broadcast, said, “Neo has always honoured the terms of the agreement with Hathway in both letter and spirit. The TDSAT ruling is an indicator that defaults by operators across the country will not be acceptable, and henceforth, they will have to adhere to the terms of the agreement.”

After hearing both the parties, TDSAT directed Hathway to clear the outstanding dues of Rs 2.5 crore within a week and directed Hathway to abide by the terms of the agreement.

Tags: e4m

Write A Comment