Dish TV India Limited: JC Flowers Asset Reconstruction Withdraws Company Petition Before NCLT
Dish TV India Limited has disclosed that JC Flowers Asset Reconstruction Private Limited has withdrawn Company Petition No. 359 of 2021 against the company before the National Company Law Tribunal, Mumbai. The petition, originally filed by Yes Bank Limited under Sections 98-100 of the Companies Act, 2013, sought directions for convening an Extraordinary General Meeting. The withdrawal occurred during a hearing on April 8, 2026, though the formal tribunal order is pending.

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Dish TV India Limited has announced that JC Flowers Asset Reconstruction Private Limited has withdrawn Company Petition No. 359 of 2021 filed against the company before the Hon'ble National Company Law Tribunal (NCLT), Mumbai. The withdrawal took place during a hearing conducted on April 8, 2026.
Petition Details and Background
The petition was originally filed by Yes Bank Limited, with JC Flowers Asset Reconstruction Private Limited subsequently becoming the petitioner. The case was filed under Sections 98-100 of the Companies Act, 2013, with the primary objective of seeking directions for convening an Extraordinary General Meeting of the Company.
| Parameter: | Details |
|---|---|
| Petition Number: | Company Petition No. 359 of 2021 |
| Original Petitioner: | Yes Bank Limited |
| Current Petitioner: | JC Flowers Asset Reconstruction Private Limited |
| Legal Provision: | Sections 98-100 of the Companies Act, 2013 |
| Tribunal: | Hon'ble National Company Law Tribunal, Mumbai |
| Withdrawal Date: | April 8, 2026 |
Regulatory Compliance and Disclosure
The company has made this disclosure pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and developments that could impact the company's operations or investor interests.
Pending Tribunal Order
While the petition has been withdrawn during the hearing, the formal order from the Hon'ble National Company Law Tribunal in the matter is yet to be uploaded. Dish TV India Limited has committed to updating this disclosure if required upon receipt of a copy of the said order from the tribunal.
Company Communication
The disclosure was signed by Ranjit Singh, Company Secretary & Compliance Officer (Membership No: A15442), and communicated to both the National Stock Exchange of India Limited and BSE Limited as per regulatory requirements. The company has requested both exchanges to take the information on record for investor awareness and compliance purposes.
Historical Stock Returns for Dish TV
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.32% | +36.36% | +14.94% | -38.27% | -45.45% | -70.30% |
What underlying financial or governance issues led JC Flowers to withdraw the petition, and could these resurface in future disputes?
How might this withdrawal impact Dish TV's ongoing debt restructuring negotiations with other creditors and lenders?
Will the resolution of this legal challenge improve Dish TV's ability to attract new investors or strategic partners in the competitive DTH market?


































