In a significant legal development, the National Company Law Tribunal (NCLT), Ahmedabad Bench, has dismissed a petition seeking to initiate corporate insolvency resolution process against DB Corp , a prominent media company. The petition, filed by Go Paper GmbH & Co. KG under Section 9 of the Insolvency and Bankruptcy Code, 2016, was rejected on September 15, 2025.

Petition Details

The petition, registered as C.P.(IB)/131(AHM)2025, was dismissed on the grounds of a pre-existing dispute between the parties. DB Corp received the order via email on September 16, 2025, at 5:28 p.m. IST, as disclosed in their regulatory filing.

Timeline of Events

• February 5, 2025: DB Corp initially informed stock exchanges about the petition filed by Go Paper GmbH & Co. KG.
• September 15, 2025: NCLT Ahmedabad Bench pronounced the order dismissing the petition.
• September 16, 2025: The order was uploaded on the NCLT website, and DB Corp received it via email.

Company's Response

Om Prakash Pandey, Company Secretary & Compliance Officer of DB Corp, issued a statement to the stock exchanges in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company promptly disclosed the NCLT order, demonstrating its commitment to transparent communication with shareholders and regulatory bodies.

Implications

The dismissal of this insolvency petition is a positive development for DB Corp, as it removes the immediate threat of insolvency proceedings. This outcome may help stabilize investor confidence in the company's financial stability and operational continuity.

About DB Corp

DB Corp, with its registered office in Ahmedabad, Gujarat, is a significant player in the Indian media landscape. The company operates across multiple locations, including its head office in Bhopal, Madhya Pradesh, and a corporate office in Mumbai, Maharashtra.

This legal victory for DB Corp underscores the importance of addressing and resolving disputes with creditors to maintain financial health and avoid potential insolvency proceedings. As the media industry continues to evolve, the company's ability to navigate legal challenges will be crucial for its long-term success and stability in the market.

DB Corp , a prominent media conglomerate, has announced a significant expansion of its radio broadcasting network. The company's radio brand, 'My FM', has received approval to operate 14 new radio stations, marking a substantial growth in its presence across India.

Expansion Details

The approval for the new radio stations comes as part of the third batch of Private FM Radio Phase III channels auction conducted by the Ministry of Information and Broadcasting. This development aligns with DB Corp's strategy to strengthen its position in the radio broadcasting sector.

Geographic Reach

According to the company's disclosure to the stock exchanges, the newly allocated stations will be located in greenfield cities. This strategic move suggests that 'My FM' is targeting areas that may not have had significant radio presence before, potentially tapping into new markets and audiences.

License Duration

The license or permission for these new radio stations will be valid for a period of 15 years from the date of operationalization. This long-term authorization provides DB Corp with a stable framework to establish and grow its presence in these new markets.

Regulatory Compliance

The company made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. This adherence to regulatory norms underscores DB Corp's commitment to transparency in its corporate communications.

Impact on Business

This expansion is expected to significantly boost 'My FM's' reach and potentially increase its market share in the radio broadcasting industry. By adding 14 new stations to its network, DB Corp is poised to enhance its content delivery capabilities and advertising reach across a broader geographic area.

Looking Ahead

As DB Corp prepares to operationalize these new radio stations, the media industry will be watching closely to see how this expansion impacts the competitive landscape of radio broadcasting in India. The move could potentially lead to increased advertising revenues and a stronger brand presence for 'My FM' in the coming years.

DB Corp's strategic expansion of its 'My FM' brand demonstrates the company's confidence in the radio medium and its commitment to growing its media portfolio. As the new stations become operational, listeners in these areas can look forward to a fresh addition to their local radio offerings.