DTH
RC Venkateish elected as president of DTH Operators Association
MUMBAI: A new face will be representing the six direct to home (DTH) operators. In a meeting, held by the DTH Operators Association of India, Dish TV CEO RC Venkateish was unanimously elected as the new president for a term of one year.
The earlier president was Tata Sky MD and CEO Harit Nagpal who was the president for three years. Unlike the earlier rule, where the elected president served a term of three years, it has been now decided that the term will be for one year which can be extendable by another year.
Speaking to indiantelevision.com, Venkateish expressed delight on his new role. “Of course I am happy but it also means more work to be done,” he says. He takes office from 1 August 2014.
The association has also decided that from now on it will hold regular meetings every quarter to address issues.
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MUMBAI: In a breather for Dish TV India, JC Flowers Asset Reconstruction has withdrawn its petition before the National Company Law Tribunal seeking directions to convene an extraordinary general meeting.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.
