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Supreme Court agrees to hear YES Bank-Dish TV dispute on Tuesday

The SC will hear the petition on Tuesday even as Dish TV shareholders meeting has been postponed by a month which was scheduled on Tuesday

Supreme Court | YES Bank | Dish TV

Dev Chatterjee  |  Mumbai 

YES Bank
YES bank

The on Monday agreed to hear the petition filed by to appeal against an Allahabad High Court order which dismissed the bank’s petition to de-freeze its voting rights in India. The SC will hear the petition on Tuesday even as shareholders meeting has been postponed by a month which was scheduled on Tuesday.

YES Bank’s 24.7 per cent stake in was frozen by the Uttar Pradesh police which is investigating a complaint filed by a Essel group founder, Subhash Chandra against the previous management of led by Rana Kapoor.

Meanwhile, the Bombay High Court on Monday adjourned the hearing on a suit filed by Invesco Developing Markets Fund, a shareholder of Zee Entertainment Enterprises, challenging an injunction order by the court on its requisition for a shareholders meet to remove current MD and CEO, Punit Goenka and appoint its own nominiees. The HC will hear the case on Tuesday.

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First Published: Mon, November 29 2021. 18:54 IST