DTH
Trai takes on new member
NEW DELHI: RN Prabhakar, who retired from the Indian Telecommunication Service a year ago, has joined as a whole-time member of the Telecom Regulatory Authority of India today.
His last posting before retiring in January last year was as Advisor (Production) and Ex-officio Additional Secretary in the Department of Telecommunications. He also looked after the charge of the Member (Production), Telecom Commission.
Prabhakar has about 36 years of technical, administrative and financial experience in the telecom sector and has held various posts in the DoT. He has also served on the Boards of BSNL and Instrumentation Ltd Kota.
He has participated in several international seminars and workshops and has presented technical papers related to network security, regulation and public policy etc. He was deputed for a period of three years to Nigeria for imparting training to their telecom officers.
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MUMBAI: In a breather for Dish TV India, JC Flowers Asset Reconstruction has withdrawn its petition before the National Company Law Tribunal seeking directions to convene an extraordinary general meeting.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.
