Yes Bank case put off to July 29

Bombay High Court today allowed Madhu Kapur to file an amended petition that seeks to revoke the appointment of three new whole-time directors and questions the modalities by which Yes bank appointed three other directors recently.

The Bombay High Court, on Monday, allowed Madhu Kapur, the widow of its co-founder Ashok Kapur, to file an amended petition that seeks to revoke the appointment of three new whole-time directors and questions Yes Bank’s modalities in its appointment.

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The Court posted the matter for final hearing to July 29.

On Kapur’s request for direction from the court to the bank to share the minutes of the June 8 annual general meeting as well as the video recordings of the same, the high court, without giving any direction on the plea, asked the petitioner to write to the bank on Monday and also asked the bank to reply by Tuesday.

“You write a letter. If they refuse inspection and the court later during arguments finds that the refusal was wrong then we will pass adverse order,” Justice S J Kathawala said.