Thakur
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In an unprecedented judgment, the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has formed a committee to manage the affairs of Mahuaa Media, the owner of Bhojpuri channel Mahuaa TV, comprising distribution platforms and the company’s promoter PK Tewari, who is facing charges of financial fraud and is currently out on bail.
The committee consists of a representative each from DEN Networks, Digi Cable, Wire & Wireless India Ltd (Siti Cable), Indian Cable Net Co Ltd (ICNCL) and Tata Sky, besides Tewari.
The five distribution platforms are seeking recovery of outstanding dues from Mahuaa. Mahuaa Media owes a total of Rs 33.44 crore (Rs 334.4 million) to the five companies.
The company owes Tata Sky Rs 17.26 crore (Rs 172.6 million), the highest amount to be recovered by the distribution platform operators.
Mahuaa has to pay ICNCL Rs 5.27 crore (Rs 52.7 million).
It owes Rs 4.18 crore (Rs 41.8 million) to DEN, Rs 4.31 crore (Rs 43.1 million) to Siti Cable, and Rs 2.42 crore (Rs 24.2 million) to Digi Cable.
The tribunal said that the committee will act with the sole purpose of improving and strengthening the affairs of Mahuaa and to promote its finances so as to enable it to gradually and in a time-bound manner fully satisfy the five decrees against it.
The decree in this case is the outstanding amount Mahuaa has to pay as per the TDSAT order, It further stated that the committee must hold its first meeting within 15 days from the date of this order, which is 14 June.
The convener for the first meeting will be the Tata Sky representative as it has the highest amount to recover from Mahuaa.
The convener will fix the date, time and the venue of the meeting taking into account the convenience of all concerned.
In the first meeting of the committee, Tewari will have to make a full and complete disclosure of all the immovable, movable, tangible and intangible assets of Mahuaa, all its bank accounts – [other than account nos.0109102000036810 (IDBI Bank), 11921900000231 (DCB Bank) and 200999454000 (Induslnd Bank)], all the details relating to its business, all the sources of its revenue, its liabilities and the expenses being incurred by it.
Read more at: http://www.televisionpost.com/trai-tdsat/tdsat-hands-over-affairs-of-mahuaa-to-a-committee-comprising-tata-sky-and-4-msos/ | TelevisionPost.com
The committee consists of a representative each from DEN Networks, Digi Cable, Wire & Wireless India Ltd (Siti Cable), Indian Cable Net Co Ltd (ICNCL) and Tata Sky, besides Tewari.
The five distribution platforms are seeking recovery of outstanding dues from Mahuaa. Mahuaa Media owes a total of Rs 33.44 crore (Rs 334.4 million) to the five companies.
The company owes Tata Sky Rs 17.26 crore (Rs 172.6 million), the highest amount to be recovered by the distribution platform operators.
Mahuaa has to pay ICNCL Rs 5.27 crore (Rs 52.7 million).
It owes Rs 4.18 crore (Rs 41.8 million) to DEN, Rs 4.31 crore (Rs 43.1 million) to Siti Cable, and Rs 2.42 crore (Rs 24.2 million) to Digi Cable.
The tribunal said that the committee will act with the sole purpose of improving and strengthening the affairs of Mahuaa and to promote its finances so as to enable it to gradually and in a time-bound manner fully satisfy the five decrees against it.
The decree in this case is the outstanding amount Mahuaa has to pay as per the TDSAT order, It further stated that the committee must hold its first meeting within 15 days from the date of this order, which is 14 June.
The convener for the first meeting will be the Tata Sky representative as it has the highest amount to recover from Mahuaa.
The convener will fix the date, time and the venue of the meeting taking into account the convenience of all concerned.
In the first meeting of the committee, Tewari will have to make a full and complete disclosure of all the immovable, movable, tangible and intangible assets of Mahuaa, all its bank accounts – [other than account nos.0109102000036810 (IDBI Bank), 11921900000231 (DCB Bank) and 200999454000 (Induslnd Bank)], all the details relating to its business, all the sources of its revenue, its liabilities and the expenses being incurred by it.
Read more at: http://www.televisionpost.com/trai-tdsat/tdsat-hands-over-affairs-of-mahuaa-to-a-committee-comprising-tata-sky-and-4-msos/ | TelevisionPost.com
but without EPG 