Union Of India vs M/S. Millenium Mumbai Broadcast Pvt. ...

The Supreme Court addressed the appeal by the Union of India against the Telecom Disputes Settlement & Appellate Tribunal's order allowing the Respondent's application regarding FM broadcasting licenses. The Court held that the Respondent's commitment to pay the increased license fee was valid, and the encashment of the Bank Guarantee due to non-payment was not justified under the terms of the License Agreement. The Court emphasized the importance of adhering to the contractual obligations outlined in Clause 14 of the License Agreement and Article 7.1(i) of the Schedule (C). The appeal was dismissed, upholding the Tribunal's decision.