Top Story

e4m_logo.png

Home >> Media - Radio >> Article

SC declines govt’s plea against Red FM

01-February-2016
Font Size   16
SC declines govt’s plea against Red FM

The apex court, on Friday, declined the government plea against the Delhi High Court’s decision to allow Red FM to participate in the first stage of the Phase III of the FM  auctions held last year. Though Red FM was allowed to bid in the auctions, the ongoing legal squabble between Sun TV Network, the owners of Red FM, and the Home Ministry, has been causing the radio network considerable difficulties.

The operator had approached the Delhi HC in July last year in a bid to overturn the Home Ministry’s decision to not grant it a security clearance. 

Red FM to approach Delhi High Court today

In Friday’s ruling, the Supreme Court said a company could not be barred from participating in an auction merely on the ground that some of its shareholders were facing criminal action. The Maran family is being investigated in the Aircel-Maxis case and has a minority shareholding in Red FM. 

Media reports say that the SC dismissed the plea on the grounds that a company could not be barred from participating in an auction on the ground that some of its shareholders were facing criminal action. The SC also pointed out that the accused were still undergoing investigation and had not been prosecuted.

Nisha Narayanan, COO of Red FM welcomed the Supreme Court’s decision.

 “We are extremely happy with the decision of the Supreme Court to dismiss the plea of the MIB against the judgment of the Delhi high court. This just reaffirms our faith in the judicial system and we at RED FM like any other responsible media house are totally committed to give our listeners a quality product like we have done in the past decade. Being a market leader, we are all charged up to strengthen brand 'RED' and launch Red FM in newer markets and build a strong brand there too,” she said.

Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

Strategized and executed by WATConsult, the campaign portrays different personalities through different shades of make-up.

At the recent unveiling of the Pitch Madison Advertising Report 2018, industry leaders from Dominos, Titan Watches, Nature’s Basket and Big Bazaar drew their conceptual learnings on factors that build...

Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.