DTH operator Dish TV’s chairman, Jawahar Lal Goel, has resigned from the company’s board. He, therefore, ceases to be its chairman. The announcement of the resignation was made by the company on 19th September.
Dish TV’s largest shareholder — Yes Bank — and the promoter Goel family were engaged in a legal battle over board representation in Dish TV. Yes Bank, with more than 24% share, was pushing for reconstitution of the Dish TV board and removal of Goel and some other persons.
Earlier, in June, the shareholders, in an extraordinary general meeting, had rejected the proposal to reappoint Jawahar Lal Goel as managing director.