My limited knowledge of company law tells me that
a) A prospectus is an invitation to offer
b) In this case DIsh had issued a prospectus or a stement in lieu of aprospectus.
c) Offer would have construed had Indivision agreed to send a cheque.
d) MOU cannot supersede the rpovisions of company law
e) SInce Indivision has not sent a check (offer) and there is no acceptence there is no agreement.
f) Indivision wil use this for arm twisting DISH on the price.
g) Finally business is about money andf not morality - at least that is being displayed here.
I am not in favour of either party but presenting apoint of view. Details can be seen under section 56 of companies Act if I am not wrong.