Excessive Courtroom reserves order in Sure Financial institution-Dish TV case

A division bench of the Bombay Excessive Courtroom on Wednesday reserved its order in a petition after a single bench did not restrain Sure Financial institution from voting at Dish TV India’s extraordinary basic assembly (EGM).

World Crest Advisors, a promoter entity of Dish TV, had moved the division bench on Monday after a single choose bench of the excessive courtroom had declined to supply an interim reduction that sought to stop Sure Financial institution from voting at Dish TV’s EGM. The satellite tv for pc operator’s EGM is scheduled for June 24.

The one choose, in his order, had rejected an ad-interim petition in search of to restrain Catalyst Trusteeship (a safety trustee for the shares that had been pledged to Sure Financial institution) and Sure Financial institution from collaborating and voting on the EGM.

Sure Financial institution, which is the biggest shareholder in Dish TV with a 25.63% stake, is embroiled in a authorized tangle with the latter.

In accordance with the EGM discover issued final month, Dish TV had sought shareholders’ approval for re-appointment of Jawahar Lal Goel as its managing director (from April 1, 2022 to March 31, 2025), re-appointment of Anil Kumar Dua as whole-time director (from March 26, 2022 to March 25, 2025) and Rajagopal Chakravarthi Venkateish as a non-executive impartial director.

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