Yes Bank-Dish TV battle set to move to SC; Goel camp to appeal HC order

The legal tussle between YES Bank and the promoters of satellite TV broadcaster Dish TV India is set to move to the Supreme Court as the Subhash Goel family plans to appeal against the Bombay High Court order which resulted in the family losing the top management positions.

A new restructured board of Dish TV is necessary for YES Bank to sell its stake to a rival satellite TV broadcaster, say sources. “The bank wants to sell its 24.7 per cent stake in the company but the acquirer wants to buy the stake without any legacy legal issues,” said a legal source close to the development.