DTH
Color Rishtey gets slot on DD Free Dish
Mumbai: Colors Rishtey has bagged a slot on the DD Free Dish for Rs 19.26 crore. Prasar Bharati invited applications for allotment of vacant MPRG-2 slots of DD Free Dish for the period July 11, 2023, to March 31, 2024, through the 70th e-auction.
The reserve price for the bucket A+ which comprises GEC (Hindi) channels is priced at Rs 17.41 crore.
The channel bagged the slot when the pubcaster invited applications for allotment of DD Free Dish MPEG-2 slots on a pro-rata basis for the period on 1 December 2022 to 31 March 2023 through the 63rd online e-auction that was held on 18 November 2022.
DTH Operator
JC Flowers withdraws NCLT plea against Dish TV over EGM demand
Move eases pressure on DTH firm as long-running shareholder dispute cools
MUMBAI: In a breather for Dish TV India, JC Flowers Asset Reconstruction has withdrawn its petition before the National Company Law Tribunal seeking directions to convene an extraordinary general meeting.
The development was disclosed by Dish TV in a regulatory filing, confirming that the petitioner chose to withdraw the case during a hearing at the Mumbai bench of the tribunal. A detailed order from the bench is still awaited.
The petition, originally filed under Sections 98 to 100 of the Companies Act, 2013, sought to push for an extraordinary general meeting to address governance issues at the company. The case had its roots in a prolonged shareholder tussle dating back to 2021, when Yes Bank, then the largest shareholder, was at odds with the promoter group led by Subhash Chandra over board reconstitution.
JC Flowers had stepped into the picture as an assignee of Yes Bank’s stressed assets, effectively continuing the legal push initiated earlier. The withdrawal now signals a pause, if not a closure, to that chapter of dispute.
While the reasons behind the withdrawal have not been formally detailed, the move reduces immediate legal pressure on Dish TV, which has been navigating both operational and regulatory challenges in recent years.
For now, the focus shifts back to the company’s business fundamentals, even as the legal dust settles, at least temporarily, on one of its more closely watched shareholder battles.
