MUMBAI: The Bombay high court on Monday allowed Madhu Kapur to file an amended petition that seeks to revoke the appointment of three new whole-time directors (Srinivasan, Nanda and Chopra) and questions the modalities by which YES bank appointed three other directors recently. The court posted the matter for final hearing to July 29.
On Madhu'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 HC, without giving any direction on the plea, asked the petitioner to write to the bank on Monday itself 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. Senior counsel Darius Khambata, appearing for Madhu and her daughter Shagun Kapur Gogia, said the bank should be directed to maintain status quo pending hearing of Madhu's petition. YES Bank counsel Iqbal Chagla objected to this and said the pendency of the petition is already creating serious problems for the bank.
On Madhu'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 HC, without giving any direction on the plea, asked the petitioner to write to the bank on Monday itself 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. Senior counsel Darius Khambata, appearing for Madhu and her daughter Shagun Kapur Gogia, said the bank should be directed to maintain status quo pending hearing of Madhu's petition. YES Bank counsel Iqbal Chagla objected to this and said the pendency of the petition is already creating serious problems for the bank.
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