YES Bank seeks removal of Jawahar Goel, 4 others from Dish TV board

YES Bank has given a special notice under Section 169 of the Companies Act, 2013, which seeks the removal of Rashmi Aggarwal, Bhagwan Das Narang, Shankar Aggarwal, and Ashok Mathai Kurien, besides MD

Private lender YES Bank, which holds a 25.63 per cent stake in Dish TV India, has sought the removal of five directors in the company, including Managing Director (MD) Jawahar Lal Goel. YES Bank has given a special notice under Section 169 of the Companies Act, 2013, which seeks the removal of Rashmi Aggarwal, Bhagwan Das Narang, Shankar Aggarwal, and Ashok Mathai Kurien, besides the MD.

The bank said the current board of directors of the company had approved a rights issue process despite the bank's objections solely to dilute its shareholding and to prejudice the interests of the bank, which