Top Story

e4m_logo.png

Home >> Media - TV >> Article

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

01-October-2008
Font Size   16
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

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

In an exclusive data shared with e4m, Pan Masala/Zarda/Gutkha had the highest jump of 185 per cent in terms of ad volumes in the first 14 matches

Bose, who has a career spanning over two decades, was DNA’s Editor-in-Chief. He has previously been associated with the India Today Group

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compe...