The investors said the move raises suspicion that the Dish TV board is deliberately ignoring the recommendations of its largest shareholder JC Flowers Asset Reconstruction Co.
The private sector lender and the promoter family led by Dish TV chairman and managing director Jawahar Goel are locked in a legal battle over board representation on the Essel group firm DTH arm.
The Dish TV board took the unanimous decision that the EGM sought by the private lender cannot be called as the proposal requires certain prior regulatory approvals, Dish TV said in an exchange filing