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Ministry of communications and information technology department of telecommunications
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| bet | 24/33 | | Sana | 23.03.2021 | | Hajmi | 152.5 Kb. | | #13402 |
10.2 TERMINATION FOR INSOLVENCY:
The LICENSOR may, at any time, terminate the licence without compensation to him, if the LICENSEE becomes bankrupt or otherwise insolvent or applies for being adjudicated as insolvent/bankrupt, provided such termination shall not prejudice or affect any right of action which has accrued or will accrue thereafter to the LICENSOR. The right of termination will arise on the LICENSEE being adjudicated or applying for being adjudicated as bankrupt.
10.3 TERMINATION FOR CONVENIENCE:
If the LICENSEE desires to surrender the licence, it shall give an advance notice of 30 days to the Licensor to this effect. If the service is in operation, the licensee shall also intimate its subscribers of consequential withdrawal of service by serving a 15 days notice to them. The financial liability of the licensee company for termination of the licence for convenience shall be as below:-
(a) After start of service:- If during the notice period, acceptable level of service is not delivered to the customer, the licensee shall forfeit all claims on the Performance Bank Guarantee which shall be encashed and the amount shall be adjusted towards damages.
(b) Before start of service:- The licensee can surrender the licence by paying surrender charges equivalent to 5% of the Performance Bank Guarantee (PBG) amount i.e. Rs. 10 lakh for category 'A' , Rs. 1 lakh for category 'B and Rs. 15,000 for category 'C' license The PBG shall be returned after the termination of licence and ensuring clearance all dues as per Clause 10.5.4.
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