NEW DELHI: NDTV founders and promoters Prannoy Roy and Radhika Roy have filed an appeal in the Supreme Court against the interim order dated 4 January 2021 passed by the Securities Appellate Tribunal (SAT). The order directed NDTV to deposit 50 per cent of the fine levied by SEBI.

The SAT order said, “Deposit 50 per cent of the disgorged amount before the respondent within four weeks from today. If the said amount is deposited the balance amount shall not be recovered during the pendency of the appeal.”

SAT further stated that the appeals filed by the founders require consideration and directed to list the matter for final disposal on 10 February 2021.

Earlier in December 2020, SEBI imposed a fine of Rs 27 crore on NDTV for concealing information from shareholders on certain loan agreements. However, in a regulatory filing, the channel mentioned that the promoters through disclosures to the stock exchanges have repeatedly said that they have never allowed for transfer of NDTV's control and that they continue to own and hold 61.45 per cent of the total paid up share capital in the media entity.