Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: cpt :: TDS :: ACCOUNTING STANDARDS :: form 3cd :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: VAT RATES :: list of goods taxed at 4% :: due date for vat payment :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
News Headlines »
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government
 Deadline to pay property tax in old currency extended
 Cabinet clears amendments to Income Tax Act
 Have you got interest on your income tax refund?
 New income tax rules to curb unaccounted cash

Television editor sues channel for sweat equity
July, 19th 2006
Veteran journalist Suman Chattopadhyay has filed a civil suit in the Calcutta High Court against SST Media Private Ltd, and its promoters, Santanu Ghosh, Tathagata Dutta and Ambar Mukherjee.
 
He has prayed to the High Court to issue an "injunction to issue 30 per cent shares" in the company that runs Kolkata TV, the 24-hour Bengali new channel launched just four months ago on March 27.
 
SST is a part of the Xenitis Group, the makers of the Amar PC brand of value computers.
 
Chattopadhyay is one of the best known names in the vernacular media.
 
He was executive editor of Anandabazar Patrika for a long time and then executive producer of Star Ananda, before quitting in October last year to join hands with Ghosh and Dutta to launch Kolkata TV.
 
In his petition before the Kolkata High Court, Chattopadhyay alleges that according to the terms of the oral agreement with Ghosh and Dutta preceding the setting up of SST Media, the latter would have 35 per cent shares each, while the former would have the balance 30 per cent "sweat share" for "making available his experience and expertise in media business and use of his name". These shares were not issued, says the petition.
 
Further, the petition alleges, "the defendents in their proposal for availing credit facility from UCO Bank held out the plaintiff as having 30 per cent stake in SST Media..." He adds, "Representation to...bank was false."
 
Chattopadhyay had also been cited as a personal guarantor of the loan.
 
According to the papers filed with the bank, the 30 per cent share comes to Rs 266.40 lakh.
 
Chattopadhyay alleges that he was "not allowed to enter office" since June 6.
 
According to Chattopadhyay's lawyer, Utpal Majumdar, the court had sent summons to the defendents as well as the chairman of UCO Bank.
 
Further, Majumdar added that there was a legal precedence for seeking redressal for the violation of an oral agreement which had been backed by circumstantial evidence.
 
When contacted for his comments, Santanu Ghosh said he did not know of any such litigation.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions