DTH
Siti Network content and carriage GM Rajesh Sharma succumbs to Covid
Kolkata: Ever since the pandemic broke, cable operators have been working on the frontlines to ensure uninterrupted cable TV and broadband service across the country. Several of them have battled the infection and the challenges that came along with it, while others succumbed.
On Monday, another cable operator lost his life to Covid. Siti Network content and carriage GM Rajesh Sharma succumbed to the disease. He was 42 and survived by his wife and two sons in Delhi.
According to his colleagues, Sharma was loved by everyone in the office for his lively presence. He was promoted to his current position last year during the pandemic. “He was a kind human being, always helpful. He was cooperative, and everyone liked him in the organisation. Unfortunately, we have lost him at such a young age. He had a long career in front of him,” said Siti Networks CEO Anil Malhotra as he condoled his demise.
India is battling the worst-ever health crisis, with the second wave of Covid-19 taking a heavy toll on people across the states. On Monday, the country recorded as many as 2.22 lakh new cases, which is lowest since 15 April. India has lost 4,454 lives to the deadly virus during the last 24 hours and the death toll has surpassed the three lakh mark, making India the only country after the US and Brazil to record over three lakh fatalities. Tamil Nadu and Maharashtra remain the most impacted, with the highest number of new infections.
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MUMBAI: In a breather for Dish TV India, JC Flowers Asset Reconstruction has withdrawn its petition before the National Company Law Tribunal seeking directions to convene an extraordinary general meeting.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.
