Delhi HC initiates winding up proceedings against Mahuaa Media

[rahul1117kumar]

With the Delhi High Court initiating winding up proceedings against Mahuaa Media and appointing a provisional official liquidator, the Telecom Disputes Settlement & Appellate Tribunal (TDSAT) directed distribution platform operators (DPOs) to file an application to make the official liquidator aware of the present proceedings.

Multi-system operators (MSOs) DEN Networks, Digi Cable, Wire & Wireless India Ltd (Siti Networks), Indian Cable Net Co Ltd (ICNCL) and DTH operator Tata Sky have filed recovery petitions against the beleaguered broadcaster in the tribunal. Mahuaa Media owes a total of Rs 33.44 crore to the five companies. Tata Sky has the highest outstanding dues against the company with Rs 17.26 crore to be recovered. Mahuaa owes Rs 5.27 crore to ICNCL, Rs 4.18 crore to DEN, Rs 4.31 crore to Siti, and Rs 2.42 crore to DigiCableComm.

Delhi HC initiates winding up proceedings against Mahuaa Media | TelevisionPost.com