The Supreme Court on Monday agreed to hear the petition filed by YES Bank to appeal against an Allahabad High Court order which dismissed the bank’s petition to de-freeze its voting rights in Dish TV India. 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.
YES Bank’s 24.7 per cent stake in Dish TV 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 Yes Bank 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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