Financial Daily from THE HINDU group of publications Saturday, Jun 03, 2006 |
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Info-Tech
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Regulatory Bodies & Rulings TDSAT to impose fees on monetary claims petitions Our Bureau
New Delhi , June 2 The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has decided to impose court fees on petitions relating to claims for compensation or recovery of money. The court fee ranges between an ad valorem rate of 1.5 per cent of the amount being claimed and 0.5 per cent depending on the compensation awarded to the petitioner. Earlier the TDSAT was charging Rs 5,000 only for such suits. It will continue to charge Rs 5,000 for petitions of other nature such as appeals against a regulatory decision. For appeals related to compensation and monetary claims, the tribunal has now fixed Rs 50 lakh as the maximum amount it can take as court fee. The TDSAT has fixed Rs 5,000 or an ad valorem rate of 1.5 per cent of the total amount of all periodical amounts claimed, including interest, where the sum total of all amounts claimed is up to Rs 2 crore, whichever is more. It has fixed an ad valorem rate of 1 per cent, over and above the fees computed above, of the total amount where the sum total of all amounts claimed is more than Rs 2 crore but up to Rs 5 crore. In the case of the amount claimed being more than Rs 5 crore, it will take another 0.5 per cent. Mr Manjul Bajpai, senior telecom lawyer, said the TDSAT's move was discussed with the telecom lawyers and the decision to charge a court fee was in accordance with the existing practice in other courts.
More Stories on : Regulatory Bodies & Rulings | Telecommunications | Courts/Legal Issues
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