Disclosure under Regulation 30 read with sub para 8 of para - B of part- A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Outcome of pending litigation
NETWORK18 · price
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Network18 informed exchanges that the Delhi High Court has disposed of a writ petition filed by TV18 Broadcast (now merged with Network18) challenging a Rs. 30.77 crore stamp duty order from the Collector of Stamps, Delhi. The Court declined to entertain or adjudicate the petition at this stage. However, the Court left the door open for Network18 to respond to any future show cause notice from the Collector of Stamps and to file a fresh petition if aggrieved at any later stage. The order was received by the company on July 11, 2025.
The Rs. 30.77 crore stamp duty liability remains unresolved and continues to hang over the company. While not an outright adverse judgment, the Court did not grant Network18 any immediate relief, meaning the potential financial obligation is still alive. Shareholders should monitor any future show cause notice from the Collector of Stamps as it could lead to a fresh legal battle or a demand for payment.