SAIF Partners has filed a contempt case against Srini Raju on 28 April at the National Company Law Tribunal (NCLT). Venture capitalist Srini Raju owns IVision Media. As per complaint, Raju has been accused of violating interim orders of the tribunal by selling Associated Broadcasting Company Pvt Ltd (ABCPL), the parent company of news broadcaster TV9.
On 30 Jan, the former finance minister's son Karti Chidambaram got a warning from the Supreme Court. The SC allowed him to travel abroad but warned him that the court will be "forced to take steps" if he does not cooperate with the probe agencies, investigating the Aircel-Maxis case.
A fraud case has come to light in New Delhi where an investor has alleged that the two media firm directors gave him the business plan in 2013 with the intent to defraud him. He said that they claimed they had a licence from the Union Information and Broadcasting Ministry for the news channel.
The case involving Saaibaba Telefilms, which is a content production house, and national pubcaster Prasar Bharati has been sent to the Delhi International Arbitration Centre (DIAC) by the Delhi High Court. The case had been filed for an alleged breach of contract by Prasar Bharti. The case was filed under Section 11 of the Arbitration & Conciliation Act, 1996 in March.
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