DTH
Union Cabinet clears DTH broadcasting
The Union Cabinet has cleared all the hurdles in the way of Ku-band direct to home television. The GoM had met earlier this week and this morning before finalising the modalities of opening up DTH. The Cabinet took this decision at a meeting which has just concluded at Prime Minister Atal Behari Vajpayee’s residence.
The lifting of the December 1996 ban has been a difficult political decision to make for several governments. I&B minister Sushma Swaraj with support from former I&B minister and current law minister, Arun Jaitley, however have managed to push it through.
Details of the clearance are awaited, but CNBC India has reported that the government has decided to open up DTH to as many players as possible.
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MUMBAI: In a breather for Dish TV India, JC Flowers Asset Reconstruction has withdrawn its petition before the National Company Law Tribunal seeking directions to convene an extraordinary general meeting.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.
