Bombay HC turns down Dish TV promoter company’s plea on pledged shares

The Bombay High Court on Monday rejected World Crest Advisors LLP’s application that sought the court’s intervention to restrain YES Bank and JC Flowers Asset Reconstruction from exercising any rights with respect to their pledged shares.

World Crest Advisors LLP is a promoter group entity of direct-to-home (DTH) company Dish TV India. Jawahar Goel, the former CMD of Dish TV and younger brother of Essel Group founder Subhash Chandra, controls World Crest Advisors LLP.