Hathway Digital Private Limited finds NDTV settlement offer unreasonable

Hathway Digital Private on Monday informed the Telecom and Disputes Settlement Appellate Tribunal (TDSAT) that NDTVs offer for settlement was unreasonable

Pursuant to the order passed on 5 July by the TDSAT NDTV gave two proposals through e-mails for clearing the net dues as indicated in the e-mails. Learned counsel for Hathway Digital submitted that both the offers are unreasonable because the monthly installments are for an amount of Rs. 10 lakhs for a larger number of months and the entire dues are proposed to be cleared in about 2 years’ time.

The tribunal noted ” Since the petitioner is not willing to accept the offer of the respondent because of unreasonable time schedule, we grant two weeks’ time to the respondent to file a reply, and if possible, to settle the matter.

Post the matter under the same head-on 22.8.2019.”

Hathway Digital Private Limited had on 03rd July moved the tribunal against NDTV for recovery. The broadcaster had appeared on advance notice through a counsel. The counsel for NDTV had told the tribunal that it wants to settle the matter and come forward with a schedule of payment at the earliest.