The development comes at a time when Yes Bank, the largest shareholder in the DTH company, has already approached the National Company Law Tribunal (NCLT) seeking a direction to the Dish TV board to call an extraordinary general meeting (EGM) of the shareholders for a board reconstitution.
On Sunday, the company said in a stock exchange filing that the promoter group entity has approached the court against Catalyst Trusteeship and Yes Bank, with the prayer that it is the owner of the shares of the company which are currently held by Yes Bank in its demat account.
The petition also seeks the court’s intervention to recognise World Crest Advisors as its shareholder for these 440 million equity shares, instead of Yes Bank or any person/entity claiming through the lender. As per the Bombay High Court website, World Crest Advisors approached the court on December 16.
