DTH
Dish TV re-appoints Jawahar Goel as managing director
MUMBAI: The board of directors of Dish TV has re-appointed Jawahar Lal Goel as managing director of the company for the period from 17 December 2019 to 31 March 2020. The company has also informed that Goel will also continue to be the chairman of the board of directors post expiry of his tenure as the managing director.
In the BSE filing, it said, “Upon the recommendation of the nomination and remuneration committee of the board, the board of directors of the company at their meeting held today, i.e. 12 December 2019, have inter-alia considered and approved the re-appointment of Jawahar Lal Goel as the managing director of the company as per the applicable provisions of the Companies Act, 2013 and SEBI regulations.”
It further says, “While the board was inclined for re-appointing Goel for a longer term, however, in view of the above referred notification, the board has approved the re-appointment of Goel as managing director for the period from 17 December 2019 to 31 March 2020 (both days inclusive), i.e., the date till which he can continue to assume the position of chairman and managing director in terms of the applicable regulatory provisions.”
Goel has been leading Dish TV as managing director since 6 January 2007 and holds directorship of nine other Indian Public Limited Companies viz, Aplabs Ltd., ASC Telecommunication Ltd, Asian Sky Shop Ltd, Chiripal Industries Ltd, East India Trading Co Ltd, Essel International Ltd, Essel Infraprojects Ltd, Rankey Investments and Trading Company Ltd and Rama Associates Ltd.
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MUMBAI: In a breather for Dish TV India, JC Flowers Asset Reconstruction has withdrawn its petition before the National Company Law Tribunal seeking directions to convene an extraordinary general meeting.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.
