DTH
Star TV gets Pak licence
It’s Pakistan ahoy for Star TV. The network was granted the first pay TV licence by the Pakistan Telecommunication Authority (PTA) earlier this week. Following this, Star TV can now distribute its full bouquet of pay TV services to viewers in Pakistan. Hitherto, the channels were being viewed by Pakistani audiences but through illegal decoders which were placed in the country. Star TV will now be able to collect subscription revenues from cable TV operators in Pakistan. Pakistan has close to 8,000 cable operators across 49 cities, servicing over 1.5 million cable TV households in the country.
Even Zee Telefilms is expected to get a pay TV licence in the not too distant future, especially after it has encrypted its channels and has been distributing them as part of a digital bouquet.
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MUMBAI: In a breather for Dish TV India, JC Flowers Asset Reconstruction has withdrawn its petition before the National Company Law Tribunal seeking directions to convene an extraordinary general meeting.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.
