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News DEN agrees to pay Rs 25.52 cr to Taj TV
Wednesday 14-October-2015, 11:33,
DEN agrees to pay Rs 25.52 cr to Taj TV
MUMBAI: Multi-system operator (MSO)
DEN Networks has agreed to pay Rs
25.52 crore (Rs 255.2 million) in dues
to Taj Television in four instalments,
the Telecom Disputes Settlement &
Appellate Tribunal (TDSAT) has been
The tribunal stated that as per a copy
of the email dated 9 October, the MSO
has agreed to make payment of Rs
25.52 crore (Rs 255.2 million)
according to the schedule of payment
stated in the email.
Taj Television counsel Amit Sibal told
the tribunal that the first instalment
of Rs 5 crore (Rs 50 million), as per
the schedule, has already been
The second instalment of Rs 7 crore
(Rs 70 million) is due on 15 October,
the third instalment of Rs 2.52 crore
(Rs 25.2 million) on 22 October and
the fourth instalment of Rs 6.5 crore
(Rs 65 million) and Rs 4.5 crore (Rs 45
million) falls due on or before 30
Since the parties are negotiating to
settle their disputes bilaterally, the
matter has been put up under the
same heading on 3 November as jointly
In September, the tribunal had
directed DEN to clear broadcaster Star
India’s dues to the tune of Rs 25
crore (Rs 250 million) for digital
addressable system (DAS) and non-DAS
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