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
Bank wants voting rights to be restored before Dish TV AGM on Tuesday
Dish had received a notice issued by the Crime Branch, Gautam Budh Nagar, in respect of an investigation being conducted by them.
Dish TV has also claimed that it "is unaware of the details of the investigation" and appears from the notice that it relates to an FIR registered in the year 2020
YES Bank had sought to appoint its nominees in the Annual General Meeting of shareholders scheduled for September 27th which was postponed to November 30th
Yes Bank owns 26 per cent stake in Dish TV while the promoters Jawahar Goel and family own 6 per cent stake.
The rights issue is critical for the survival of the DTH company, its top official said
YES Bank, which holds 26% stake of Dish TV, has sought to remove Rashmi Aggarwal, Bhagwan Das Narang, Shankar Aggarwal and Ashok Kurien from the board of Dish TV besides Jawahar Goel
The lender, which holds 25.93% stake stake in Dish TV, had sought the removal of the firm's directors Jawahar Lal Goel and four others, and appointment of its own nominees
The board of Dish TV "unanimously agreed that EGM cannot be called, as sought by Yes Bank Ltd" to remove its Managing Director Jawahar Goel along with four other directors, besides others
HFCL, Delta Corporation, Krsnaa Diagnostics, Ramkrishna Forgings, Saregama India, Tata Metaliks and Tinplate Company of India are slated to post their Q2 results today
The Direct-to-Home (DTH) service provider on September 19, had sought an extension to hold shareholders' meet citing time required for any change in the CEO or the board of directors of the company
ZEEL board has three weeks to call the EGM
Stock market Live: The Nifty Realty rose nearly 3 per cent, while Nifty IT was up 1.6 per cent
Mining giant Vedanta on Thursday said it will delist its American depositary shares and concentrate all trading of its equity shares on the BSE and NSE
The lender owns 25% in DISH TV while its promoters, led by Jawahar Goel, own only 6%
Yes Bank, has asked the satellite television service provider to hold an EGM of shareholders and act on its recommendations to reconstitute the company's board
In the past three trading days, the stock price of Yes Bank has appreciated by 18 per cent after the rating agency ICRA affirmed private lender's various instrument with a stable outlook
Hindustan Times purchased 20 million equity shares, representing 1.16 per cent of total equity Dish TV India for Rs 38.44 crore in a bulk deal on the NSE on 13 September.
This was after proxy advisory IIAS had raised serious corporate governance concerns in the company by asking shareholders not to vote for re-appointing the duo on the company's board