Monday, July 1, 2013

Bombay HC to hear Kapur’s petition on Yes Bank Board seat on Monday

.............The letter also said Rana Kapoor recused himself from the deliberations surrounding this issue both at the nominations and governance committee meeting and then at the overall board level. When contacted, the bank’s spokesperson refused to comment saying “the matter is subjudice”. While Gogia claims she has the right due to her status as legal heir, the bank argues that she may not pass muster with the RBI’s fit and proper criterion for bank directorship.

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