"We will move the court on Monday challenging the decision. I am hopeful that we will get justice. We will knock the door of every court," Sun group Chief Financial Officer S L Narayanan told PTI.
He said that the company has an extremely strong case and it will get relief from the court.
"We will get acquitted. Because nowhere in the world anybody is punished before abjudication process is over. Due process of law has to be exhausted. Till then I am presumed innocent," he said.
An Application Review Committee has rejected the applications of the companies belonging to the Sun group, which had failed to get a security clearance from the Ministry of Home Affairs.
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Security clearance from the Ministry of Home Affairs is a necessary condition to apply for the FM auctions.
The I&B Ministry is planning to conduct e-auction of 135 private FM channels in 69 existing cities in the first batch of Phase III.