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The Bombay High Court has arrived at a final order in the two-year legal dispute between private lender YES Bank and Madhu Kapur, the bank’s second largest shareholder after MD and CEO Rana Kapoor.
However, the order will not be made public until another round of mediation between both parties is concluded. The media was kept out of the court room when parts of the judgment were read.
This comes just ahead of the bank’s annual general meeting (AGM) to be held on Saturday June 6.
The two-year-old dispute had come to light before the bank’s AGM in 2013.
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