The ruling would have allowed the private lender, which holds a 25.6 per cent stake in the satellite broadcast service provider promoted by Subhash Chandra’s Essel Group, to participate in the AGM of Dish TV scheduled for later in day.
However, the AGM was postponed by a month after it emerged that creditor-shareholders of Dish TV may not be in favour of proposed resolutions that included seeking approval for adaptation of AGM and appointment of Ashok Kurian as an independent director, people with knowledge of the matter said. A majority of shareholders – representing 75 per cent voting rights of those present at an AGM – have to vote in favour for a resolution to be okayed.
The SC also stayed criminal proceedings against Yes Bank by Gautam Buddh Nagar crime branch, saying its notice to freeze transfer of shares and exercise of voting rights was beyond its jurisdiction.
