NCLT restrains Star India from stopping Siti Network's TV signals

According to media reports, Essel-backed Siti Networks has been granted interim relief by the Mumbai bench of the National Company Law Tribunal (NCLT), preventing Star India from disconnecting signals to the TV distribution platform until further orders.

Star issued a disconnection notice to Siti on January 25 due to non-payment of outstanding subscription dues. The notice required the platform to make the payment within three weeks or face disconnection, as per reports.

The bench has instructed both parties to resolve the disputed issues regarding incentives outlined in the contract agreement within two weeks. In its January 25 order, the NCLT bench acknowledged that Siti has been consistently making monthly payments to Star, indicating that there is no case of non-payment. Siti reported a monthly net payment of Rs 36.47 crore to Star between August and December 2023, while also deducting Rs 9.51 crore from the subscription payment as an incentive.

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