Star India on Monday filed a statement of case seeking $940 million damages from over the terminated ICC TV rights deal, the latter said in a stock exchange filing.
Star India, now Disney Star, is seeking damages in the London Court of International Arbitration (LCIA), said ZEEL in the exchange filing. This comes after ZEEL failed the payment deadlines of the $1.4 billion deal with Star India.
The Mumbai-based broadcaster had cited that it was not in a position to pay after it failed to pay its first $200 million payment.
Earlier, ZEEL had disclosed that Star India is pursuing damages in the ongoing arbitration process, which was yet to be quantified.
Bu hikaye Business Standard dergisinin September 19, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin September 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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