New Delhi Television has informed that the Bombay High Court has today directed the Reserve Bank of India (RBI) to consider the compounding application(s) filed by the Company. The Court has ruled in favour of the writ petition number 2026/2017 filed by NDTV against the RBI and Enforcement Directorate. NDTV had approached the Bombay High Court against the RBIs refusal to consider its compounding applications in circumstances where the RBI was relying on the Enforcement Directorates unsubstantiated allegations against NDTV. The Bombay High Court has today quashed the directive issued by the Enforcement Directorate to RBI which had prevented the compounding. The Company is yet to receive a copy of the Court order.
The above information is a part of company’s filings submitted to BSE.
