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SC stays FIR filed against YES Bank by Subhash Chandra in Dish TV case

The SC said the freeze on voting rights amounted to short-circuiting of judicial orders by using the police

Subhash Chandra, Zee Entertainment
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Essel group founder Subhash Chandra

Dev Chatterjee
The Supreme Court has stayed the first information report filed with the Uttar Pradesh police by Essel group founder Subhash Chandra against YES Bank, and officials of Videocon D2H. As part of its investigation, the UP police had frozen the voting rights on YES Bank's stake held in Dish TV India.

The SC said it would not permit police officers sitting in Gautam Buddh Nagar to freeze voting rights of YES Bank's stake in Dish TV India. Dish TV announced last night that it had postponed its annual general meeting, scheduled for today, by a month.

The SC said the