Yes Bank has moved the Bombay High Court seeking directions for the satellite TV provider to hold its extraordinary general meeting (EGM) soon. The next hearing is scheduled for October 3 and in the meantime, Dish TV has been asked to file a response to the petition.
Yes Bank had approached the Mumbai bench of the National Company Law Tribunal (NCLT) in November 2021 asking for scheduling of Dish TV EGM. But so far there has been no response from the NCLT special court. Thus, the bank approached the high court.
I dont think the sale will happen. Dishtv should exist as a standalone and need certain improvements in future like adding channels on D2h.With respect to SD channels its leading in most genres but needs to add certain HD channels. As the investors show interest with proper strategic decisions it can do wonders to both itself and D2h,