Dish tv promoters have filed a petition in the bombay high court on the issue of share transfer in the ongoing case of Yes Bank.
Regarding the transfer of shares of Dish tv, the promoter group company has applied in the bombay high court that the continuous efforts to control Dish tv should be stopped. This petition has been given by a company named SGG Infra Developers LLP.
It is also worth noting that another promoter company World Crest Advisors LLP had also demanded in the bombay high court that the court should intervene in this matter.
What is in this petition
At the same time, the promoter of Dish tv company, in its petition in the bombay high court, has made the Union Finance Ministry, SEBI and apart from these, Yes bank has been made a party.
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Apart from this, Exchanges, Catalyst Trusteeship, Dish tv have also been recognized as parties. In this case, Dish tv has given all the details of the case in the high court regarding exchanges.
At the same time, in this petition, a strict inquiry has been demanded from the court against Catalyst Trusteeship and YES bank and IDBI Trusteeship.
The complaint has also been made to SEBI
The head of Dish tv has already accused Yes bank in front of SEBI.
The Yes bank, by proposing the removal of the existing board of directors, wants complete management control of the company, but for this, for now. To date, no open offer has been made.
Stay on share transfer
At the same time, regarding this matter, the company has demanded in its petition that the process of transfer of shares of Dish tv should not be implemented till the completion of the hearing.
It is worth noting that Dish tv and Yes bank have been at loggerheads ever since the bank sent a notice to the shareholders to request EGM for the proposal to amend the board of the company.
At the same time, the EGM is now going to be held on december 30. Earlier this petition has now been filed in the bombay High Court.
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