A bench of Chief Justice G Rohini and Justice Rajiv Sahai Endlaw, while dismissing the appeal, also imposed a cost of Rs 20,000 payable to the Centre.
Comedy Central had approached the division bench against a single judge order upholding the Centre's decision to stop its transmission for 10 days.
"We have carefully perused the contents of the two programmes to which objection has been taken and having gone through the same, are of the opinion that the matter requires no interference.
"Merely because the government has done away with the system of checks, does not entitle such entrepreneurs to commence an enterprise in a half-baked manner," the court said.
In its appeal, Viacom 18 Media Pvt Ltd had said, "Prohibition of transmission will cause irreparable loss and damage to the appellant. It will also put an end to the popularity and the viability, commercially or otherwise, of the channel."
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