DTH
Doordarshan to hold e-auction for vacant slots on DD Freedish next week
NEW DELHI: Doordarshan has set a reserve price of Rs 3.7 crore per slot for the 16th online e-auction for filling up slots on Doordarshan’s direct-to-home Freedish platform to be conducted on 28 October.
The e-auction will be conducted by Pune based Synise Technologies on behalf of Prasar Bharati.
The reserve price in the last e-auction was Rs 3 crore.
Prasar Bharati CEO Jawhar Sircar had told indiantelevision.com recently that the aim was to reach the target of 97 channels by October-end and 125 channels by March-end.
When asked why the number of channels to be e-auctioned had not been disclosed, a Prasar Bharati official told indiantelevision.com that this had been done to prevent bidders forming consortia to bid or resort to other malpractices.
The eligibility terms and conditions including other relevant details for this e-auction are displayed on DD website: www.ddindia.gov.in.
However, the participation amount (EMD) in the e-auction is Rs 1.5 crore which needs to be deposited in advance on or before 27 October evening along with processing fee of Rs 10,000 (Non-refundable) in favour of PB (BCI) Doordarshan Commercial Service, New Delhi.
Applicants have also been asked mandatorily to deposit a Demand Draft of Rs 5,500 registration amount favouring Synise Technologies, payable at Pune at the time of submission of the application.
The applicants must provide details of the Uplink/Downlink permission documents received from the concerned ministries with the applications to ensure they are not rejected.
The demand drafts of unsuccessful bidders will be returned immediately or within a week after the e-auction process is completed.
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MUMBAI: In a breather for Dish TV India, JC Flowers Asset Reconstruction has withdrawn its petition before the National Company Law Tribunal seeking directions to convene an extraordinary general meeting.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.
