NSTPL application disposed as Govt. cancels tripartite agreements for DTH loan

NEW DELHI: The Noida Software Technology Park Ltd (NSTPL), which is one of the two headend in the sky (HITS) players in the country, today withdrew its petition against the Government on being informed that a provision for tripartite agreement to provide loans to direct to home (DTH) operators had been cancelled.

The note was produced before the Telecom Disputes Settlement and Arbitration Tribunal (TDSAT) by counsel Sandeep Mahapatra of the Information and Broadcasting Ministry.

According to the note issued by the Ministry, the provision had been made for financial loan or assistance in the DTH sector by assigning licence agreement as security to banks and financial institutions.

This was to be done in the form of a tripartite agreement with the bank or financial institution, the operator and the government.

An order to this effect had been issued by the Ministry on 3 December, 2009.

The order has now come into immediate effect. 

Tribunal chairman Aftab Alam and members Kuldip Singh and B B Srivastava said that in view of the decision of the government, which was also conveyed to NSTPL, the “application no longer survives and is accordingly disposed of.”