This came even as YES Bank had approached the National Company Law Tribunal (NCLT) seeking a reconstitution of the board of directors of Dish TV.
The Bombay High Court (HC) on Friday rejected an interim application filed by a promoter group entity of Dish TV seeking to restrain YES Bank, a shareholder of the company, from exercising its right over shares held by the bank.
The matter pertains to the dispute between Dish TV, part of the Essel group, and YES Bank over ownership issues in the company. YES Bank has over 440 million shares (or around 25 per cent) in the direct-to-home company and has been seeking a change in management for some time now.
A single-judge Bench led by Justice AK Menon turned
First Published: Jun 17 2022 | 9:40 PM IST