RED FM had approached the High Court in Delhi and has got an interim relief today.
RED FM has been allowed to take part in the mock auctions for the third phase of FM auctions to be held 22nd and 23rd July ’15.
Official statement from RED FM on the High Court verdict:
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 next date of hearing in court has been scheduled on Friday, 24th July.