Nobel Co-operative Bank had claimed a default of Rs 62,73,407 with 10% simple interest per annum and 2.5% per month penal interest along with legal and incidental charges.
TDSAT tells Independent TV to take steps to pay Indiacast Media dues or face execution of judgement and decree
Independent TV’s counsel admitted to not having paid any payment towards the admitted liability of Rs 3.56 crores within the two months granted.
The DTH operator asked TDSAT to modify its arrears so as to clear the arrears of Antrix before the new arrangement kicks in.
Independent TV admits owing Rs 3.65 crores to Indiacast Media. Prateek Gupta asks two weeks to file his reply.
Independent TV relaunch reportedly delayed by heavy rains in Mumbai. DTH operator likely to relaunch on August 21. Launch may not happen given the operators past record.
Independent TV set to relaunch operations on August 15. FTA channels will be available initially. Company planning to fix freezing issues.
Independent TV yet to make required payments or furnish bank guarantee to Antrix for the supply of signals
Independent TV fails to seal agreement with Antrix. Yet to pay money or furnish bank guarantee. ITV 2.0 launch in limbo.