Delhi HC allows RED FM to participate in mock auctions
The Delhi High Court has allowed RED FM to participate in the mock Phase III auctions to be held today and tomorrow, Nisha Narayanan, COO of Red FM confirms
The Delhi High Court has allowed RED FM to participate in the mock Phase III auctions to be held today and tomorrow. Nisha Narayanan, COO of Red FM confirmed the news to exchange4media.
Yesterday, The Delhi High Court had termed the security clearance for FM Phase III auction as ‘vague’ and asked the Centre to consider delaying the auctions. According to PTI, the Delhi HC today issued a formal notice to the Centre on Red FM's plea against the govt decision to keep it out of FM radio auction.
RED FM has filed a separate petition in Chennai High Court, which is come out with its judgement tomorrow.Official statement from RED FM on the High Court verdict, said the following, "The Honourable Delhi High Court’s decision to allow Red FM to participate in mock auctions and take cognizance of our pleas to allow us to participate in the mock auctions has strengthened our belief in the judicial system.
We have always maintained that our business is a professionally managed entity and it’s unfair to penalize a well-run, successful business and its employees. We also strongly believe that not allowing us to participate the phase 3 auctions is an attack on media freedom."
The Phase III auctions are expected to be held on July 27, 2015. However, there is a chance that this might be delayed if a resolution is not found this week.
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