SC defers cross appeals on allotment of FM radio stations

SC defers cross appeals on allotment of FM radio stations
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First Published: Mon, Aug 04 2008. 06 37 PM IST
Updated: Mon, Aug 04 2008. 06 37 PM IST
PTI
New Delhi: Supreme Court today deferred hearing on cross appeals from the government and Radio Today challenging a Delhi High Court’s ruling which upheld Centre’s decision to disqualify the media firm from operating seven FM stations in the country.
However, the High Court had allowed Radio Today to make another bid.
A bench headed by Justice Ashok Bhan deferred the hearing on the cross appeals till two weeks.
The Centre had challenged that the High Court on the ground that it had allowed the media company to make another bid following its failure to clear the first stage of the bidding process as its net worth did not meet the criteria set out in the tender documents.
The government alleged that Radio Today Boradcasting was found ineligible as per the tender documents.
“The one-time-entry-fee deposited by the respondent with the petitioners for operationalisation of radio channels after being declared successful in the earlier bidding cannot be taken into account to calculate the networth of the respondent while bidding for channels through a separate bidding which is distinct and an independent one,” the Centre stated.
The media company challenged the High Court’s judgment that dismissed its suit and upheld the government’s decision ousting it from the tender process.
According to Radio Today, the High Court had erroneously related its networth of the company to its liquidity inspite of noticing that the networth of its one of the holding companies was more than Rs 300 crore.
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First Published: Mon, Aug 04 2008. 06 37 PM IST