Has Dish TV defaulted on a loan taken from Yes Bank?

Yes Bank acquired 24.19% stake in Dish TV by invoking pledges against equity shares kept as collateral with the bank. This is the fifth such instances in the last one year. The shares of Dish TV had been pledged to Yes Bank as collateral for loans taken by Essel Business Excellence Services, Essel Corporate Resources, Living Entertainment Enterprises, Last Mile Online, Pan India Network Infravest, RPW Projects, Mumbai WTR and Pan India Infraprojects