The tribunal TDSAT came to know about the issue on December 9 i.e. on the name change from Horizon TV to Bloomberg Quint.
As per TDSAT chairman, he wants a decision from MIB on whether the name change can be done and that the matter can be argued on merits thereafter. The MIB counsel stated that the ministry has given a show cause notice to the company as it had transferred the channel licence illegally.
He added that MIB will be able to give a definite response after receiving the response of the company. The matter has been adjourned till Monday.
TDSAT stated: "This Tribunal has not considered the merits of the petitioner's case so far but if no decision is taken soon, the prayers made in the applications may have to be considered by the Tribunal itself instead of granting further time to the respondent."
Quintillion Business Media Private Limited (QBM) is a joint venture between Raghav Bahl and Bloomberg, and had acquired a company called Horizon Satellite Service Private Limited. Horizon owned licenses of 2 news and current affairs television channels. After its acquisition by QBM, Horizon has been seeking name change of the television license it holds.
At present, the channel is called "Y TV" and Horizon has made an application to the Ministry of Information and Broadcasting to change the name to "Bloomberg Quint". Horizon has applied to TDSAT for the delay in change of name by MIB and sought direction from TDSAT to MIB for the name change to Bloomberg Quint.