- Nokia, IIT-Delhi to Use AI to Make Networks More Reliable
- Bitcoin triggers ponzi fear: Government in a huddle, plans crackdown
- Minister Faces Angry Passengers On Delayed Flight. Air India Suspends 3
- SC allows Vodafone to initiate second arbitration over $2 bn tax demand
- INS Kalvari submarine affirms Make in India's giant strides: MDL
- Over 600 fishermen of TN, Kerala still missing after cyclone
- Dalit woman rape case: Kerala court awards death sentence to labourer
TDSAT impleads Veecon in Sun TV-Reliance Digital TV matter
MUMBAI: The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has impleaded Veecon Media and Television in the Sun TV Network-Reliance Digital TV matter.
As reported earlier, Sun TV has moved TDSAT to recover Rs 30 outstanding dues from direct to home (DTH) operator Reliance Digital TV.
The broadcast network had moved TDSAT following Reliance Digital TV’s announcement that it will shut down on 19 November due to the expiry of DTH licence.
Subsequent to that announcement, the DTH company’s debt-ridden parent company Reliance Communications announced that it has entered into a memorandum of understanding (MoU) with Veecon Media to sell its DTH business.
As part of the deal, Veecon will acquire the entire shareholding of RBTV with business on ‘as-is-where-is’ basis, along with all existing trade liabilities and contingent liabilities.
Veecon will also renew the existing DTH license of RBTV by submitting the required Bank Guarantees with the ministry of information and broadcasting (MIB).
The transaction will also ensure that all existing 1.2 million customers of RBTV shall continue to enjoy uninterrupted services. It also ensures the continuity of employment for approximately 500 employees of RBTV.
The tribunal allowed the impleadment of Veecon after Sun TV counsel stated that he does not object to the prayer to implead Veecon Media and Television as respondent no. 3 at this stage.
Sun TV was asked to issue a notice to Veecon by all the means including Dasti. The matter has been posted the matter under the same head on 21 November.