Financial Daily from THE HINDU group of publications
Wednesday, Nov 19, 2003
Financial Daily from THE HINDU group of publications Wednesday, Nov 19, 2003 |
|
|
|
|
|
Corporate
-
Courts/Legal Issues ESPN takes InCable row to court Our Bureau
New Delhi, Nov. 18 ESPN Software India Pvt Ltd has filed a winding up petition in the Bombay High Court against the Hinduja-promoted Indus Ind Media and Communications Ltd, InCable Network, to recover the outstanding cable subscription amount of over Rs 4 crore. According to a statement by ESPN, the actual outstanding cable subscription amount currently adds up to Rs 7.1 crore. "The Honourable Bombay High Court has accepted the petition and listed it for admission hearing on January 29, 2004," said the statement. According to the petition, ESPN Software India Pvt Ltd had entered into various service contracts with InCable Network to distribute the popular ESPN and STAR Sports channels in Mumbai and other cities, which it services. InCable Network was to pay monthly subscription fees. But, for inexplicable reasons, InCable Network had failed to make payments towards the subscription fees in accordance with the contracts. Despite InCable Network's failure to pay the subscription fees, ESPN Software kept the services on and made bonafide attempts to persuade InCable to discharge their payment obligations.
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|