HC rejects interim petition by World Crest in case regarding Dish TV shares
The World Crest is a holder of 9,52,100 (0.05%) shares of Dish TV and pledger of its 44,00,54,852 shares.
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The World Crest is a holder of 9,52,100 (0.05%) shares of Dish TV and pledger of its 44,00,54,852 shares.
Dish TV's promoter had sought to restrain the lender from exercising its voting rights, interfering in or seeking to participate in the management and affairs of the company, or claiming rights to the shares. "In the present case, the use of the pledged goods will include the exercise of voting rights since the pledged goods are shares," observed Justice RI Chagla while disposing of an application filed by Dish TV promoters.
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