Mumbai: Promoter TV dishes have filed a lawsuit against the Bank and Catalyst Trusteeship, looking for share ownership held by personal lenders.
In the submission of the Stock Exchange, Dish TV said that the company had served Jas by Correst World Advisor, the promoter group entity, against the trusteeship catalyst and yes Bank in front of the Bombay High Court and that the company had been crowned the defendant.
The promoters have been looking for a declaration that they are owners of 44 crore shares, which are currently held by the Bank in the Daat account and also looking for directions to the company to recognize CREST World advisors as promoters and other entities.
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Yes the bank is currently the largest shareholder in Dish TV with a 25.6% of the shares obtained by a loan recovery.
Management of satellite TV companies saw the battle of board spaces with lenders.