Shares of Sun TV Ltd. declined as much as 5.6 percent intraday on Wednesday, its sixth decline in seven trading sessions, after a report by wire agency PTI suggested that troubles for its promoters may be far from over.
The Enforcement Directorate moved the Delhi High Court on Tuesday, challenging the special court's order discharging former Telecom Minister Dayanidhi Maran, his industrialist brother Kalanithi Maran and others in the Aircel-Maxis deal case, according to the PTI report.
The appeal has been filed against the trial court's February 2 order and is likely to be listed soon for hearing, it added.
A special CBI court had dropped all charges against Dayanidhi Maran and Kalanithi Maran in two Aircel-Maxis cases lodged by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED). Special CBI Judge OP Saini, while discharging them in the money laundering case, had said that no charges could be framed against any of the accused based on the materials placed on record before it.
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