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| Exchange Received Time 26/06/2018 16:32:27 Exchange Disseminated Time 26/06/2018 16:32:37 Time Taken 00:00:10 | Dear Sirs,
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 RBI's refusal to consider its compounding applications in circumstances where the RBI was relying on the Enforcement Directorate's 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.
You are requested to take the information on record.
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