Friday, August 8, 2014

No board changes till 19 August, Yes Bank tells Bombay HC

..................However, justice G.S. Patel asked for an assurance from Yes Bank that it will not make any changes in the board till the hearing of Kapur’s plea. He said, “Once I have started hearing the motion, if the board constitution changes, then I don’t want to face a situation that reliefs sought by Darius Khambata (counsel for Madhu Kapur) become in-fructuous.” While the bank gave an assurance to justice Patel who is presiding over the case, it asked the court to not record the undertaking or pass an order to this effect...................

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