SC rejects World Crest plea against Bombay HC order allowing Yes Bank to vote at DishTV EGM

The Supreme Court on Monday rejected an appeal by World Crest Advisors, a Dish TV promoter group firm, that sought to restrain Yes Bank from exercising its rights including voting rights over 440 million shares held by the bank.

A bench led by Justice DY Chandrachud refused to interfere with the Bombay High Court order that allowed Yes Bank to vote at the company’s extraordinary general meeting (EGM) on June 24. DishTV had in May announced the EGM to ratify and pass a resolution for re-appointment of the managing director, the whole-time director and a non-executive independent director.