DTH
Jain TV gung-ho on DTH platform
Jain Studios Ltd chairman Dr J.K. Jain is keen on setting up a DTH platform and would do so, within three months of finding a partner. He disclosed this to CNBC India during an interview.
In a chat with moneycontrol.com, he said that: “Our DTH strategy as we see today is not to serve the interests of satelite channels but for the audiences who need an alternative to the present cable networks both in terms of a better quality and quantity of content. Moreover instead of monopolising the DTH opportunity we wish to act only as a facilitator for everybody who wants to be in the DTH business whether one is a Ku-band transponder owner or one is a satellite channel or a content provider or a member of the audience.”
He added that his company would welcome “a 20% foreign partner in our DTH venture. Even in our other projects we keep all our options open.”
Jain is believed to be close to the powers that be in the BJP. Additionally, he has in the past talked about setting up an earth station in Delhi. He runs a general entertainment and news channel, is bidding to set up several portals, and is also keen on offering free net access and bandwidth to Indian ISPs.
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MUMBAI: In a breather for Dish TV India, JC Flowers Asset Reconstruction has withdrawn its petition before the National Company Law Tribunal seeking directions to convene an extraordinary general meeting.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.
