JavaScript must be enabled in order for you to see the posts in this forum. However, it seems JavaScript is either disabled or not supported by your browser. To see the posts, images and links please enable JavaScript by changing your browser options, then try again.

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Nimbus asked to deposit Rs 3.05 bn with court
Saturday 21-January-2012, 11:58,
Nimbus asked to deposit Rs 3.05 bn with court
Nimbus asked to deposit Rs 3.05 bn with court: Bombay HC

The Bombay High Court has asked Nimbus Communications to either deposit an amount of Rs 3.05 billion in the court or give a bank guarantee pending hearing of the dispute with BCCI.

The lawyer for Nimbus, meanwhile, argued that Neo was a separate entity which collected ad revenue and Nimbus only got the licence fees. But the BCCI objected, saying it was a subsidiary of Nimbus and the argument did not appear to wash with the High Court too.The court was hearing an application moved by the BCCI seeking direction to Nimbus to deposit the money payable to BCCI as deposit in the High Court. The BCCI claimed that over Rs 3 billion is due to be paid to them because of the telecast of the England and West Indies series by Neo Sports.
Add Thank You Reply

Possibly Related Threads...
ThreadAuthorRepliesViewsLast Post
  ARY News asked to pay INR 1.58 cr to Geo TV as compensation Sandesha 0 8 Thursday 08-December-2016, 16:48
Last Post: Sandesha

Users browsing this thread: 1 Guest(s) Protection Status