Television

NDTV files civil appeal in Supreme Court against SAT order

https://us.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/12/05/ndtc.jpg?itok=h6v90y6I

MUMBAI: NDTV has filed a civil appeal in the Supreme Court, challenging the 7 August SAT order that upheld a Rs 2 crore penalty on the media company imposed by SEBI for disclosure lapses regarding tax demand of Rs 450 crore.

“NDTV has on 3 December 2019, filed a Civil Appeal before the Hon’ble Supreme Court, challenging the 7 August 2019 order passed by SAT and 22 November 2019 Recovery Certificate/Notice of Demand,” NDTV said in its regulatory filing to BSE.

"The Civil Appeal instituted by NDTV is without prejudice to its primary contention that the Judgment dated 4 September 2019 of the Hon’ble Bombay High Court directs the SEBI to consider the settlement applications filed by NDTV, on merits; however, in light of the challenge by SEBI to the Judgment dated 4 September 2019, the matter of entitlement of NDTV to pursue the settlement applications before the SEBI, is now sub judice,” the statement added.

On 7 August, SAT upheld Sebi's decision to impose Rs 2 crore penalty on NDTV in a case of disclosure lapses regarding tax demand of Rs 450 crore. The tribunal also upheld Rs 19 lakh penalty imposed by Sebi on the company as well as three officials, including promoters Prannoy Roy and Radhika Roy.

SAT’s ruling was on an appeal filed by NDTV against Sebi's orders passed in June 2015 and March 2018 in a case pertaining to the firm making delayed disclosure to exchanges regarding tax demand of Rs 450 crore raised by the Income Tax Department and sale of some shares by a top company executive.

In the June 2015 order, Sebi imposed a fine of Rs 2 crore on the firm while in March 2018 the regulator had levied a total fine of Rs 22 lakh on NDTV and its officials, including the Roy couple.

Latest Reads

https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/22/event_captaa.jpg?itok=5aXQ-9HZ
Event Capital announces the 4th edition of Nickelodeon Windmill Festival

Mumbai:  The 4th edition of India’s largest festival for kids, Nickelodeon Windmill Festival, an initiative of Event Capital and Tribe Asia, is all set to take place on 22nd and 23rd February, 2020 at JioWorld Garden, BKC in Mumbai. The festival offers a wholesome experience for toddlers, pre-teens...

Television TV Channels Kids
https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/22/star-sport.jpg?itok=UiDI9AqM
Star Sports Network to televise Naman Awards 2020 on Friday

MUMBAI: Board of Control for Cricket in India (BCCI) organised the twelfth edition of its prestigious annual award, Naman on 12th January 2020. During the event, BCCI recognised cricketing excellence showcased by the Indian cricketers during the year 2018-19.

Television TV Channels Sports
https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/22/discovery.jpg?itok=uuGtWYJt
Discovery Channel to celebrate Republic Day with ‘India On Film’

MUMBAI: Discovery Channel, India’s leading destination for real-life entertainment, will celebrate 70 Republic Day of India with a special documentary ‘India On Film’, a unique two-part documentary film, narrated by versatile actor Rahul Bose. The film explores never seen before archival footage...

Television TV Channels English Entertainment
https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/22/andprive.jpg?itok=Zecxkhbm
&PrivéHD premieres ‘Gloria Bell’ on 25 January

MUMBAI: From Academy Award-winning director Sebastián Lelio comes a sophisticated romantic comedy that shows love can strike at any time, relationships are never simple, and nothing can get you down as long as you keep dancing. But, there’s always another side to a story. &PrivéHD brings the...

Television TV Channels English Entertainment
https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/22/zeel.jpg?itok=zEIFGiIz
ZEEL’s consolidated revenue stands at Rs 2048.7 crore in Q3 FY20

Zee Entertainment Enterprises Ltd (ZEEL) and its subsidiaries for the quarter ended 31 December 2019 on Tuesday. For the third quarter of FY20, ZEEL reported consolidated revenue of Rs.20,48.7 crore. EBITDA was Rs.5,65.8 crore with an EBITDA margin of27.6 per cent.

Television TV Channels GECs
https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/22/sangeeta.jpg?itok=sPz0P8nG
NBCUniversal India gets Sangeetha Aiyer as marketing head

Former head of marketing: Network18 Digital, Sangeetha Aiyer, has been appointed as the head of marketing, NBCUniversal India. She will be responsible for the marketing, digital and promotional strategy of Universal Pictures theatrical products in India.

Television TV Channels People
https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/22/sony2.jpg?itok=MEWso-8T
Sony Pictures Networks opts for on-ground promotion for Australian Open 2020

Massification being the end objective, Sony Pictures Networks (SPN) is planning to go big in promoting the prominent sporting events that will take place this year. Moreover, the broadcaster also revealed the new on-ground campaign initiatives to promote the first grand slam of the year to Indian...

Television TV Channels Sports
https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/21/animal.jpg?itok=trAY6LnJ
Animal Planet’s unveils new series ‘The Lion Kingdom’

MUMBAI: Animal Planet has been dedicated to bringing to the fore incredible stories from the animal kingdom. Taking yet another step in this direction, starting 27 January, at 9 PM, the channel is all set to premiere an incredible 10-part series ‘The Lion Kingdom’ which will take viewers at the...

Television TV Channels English Entertainment
https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/21/colors.jpg?itok=HYR1Kbfp
Colors to premiere 'Naati Pinky Ki Lambi Love Story' on 27 Jan

MUMBAI: Colors will bring heart-warming love story Naati Pinky Ki Lambi Love Story from 27 January. The show will trace the journey of Pinky who is short but feisty, a fighter but also a dreamer, perceived as flawed but hope to find her true love.  Produced by Bodhi Tree Multimedia, Co-powered by...

Television TV Channels GECs

Sign up for our Newsletter

subscribe for latest stories