Zee Media Bureau
New Delhi: The Bombay High Court on Wednesday granted time till June 2 to Yes Bank CEO Rana Kapoor and sister-in-law Madhu Kapur to settle legal dispute amicably.
Rana Kapoor and Madhu Kapur are involved in a dispute relating to latter's right to nominate directors on Yes Bank's board. Madhu Kapur is the estranged sister-in-law of Yes Bank CEO Rana Kapoor. She and her family as well as a related entity together have nearly 12 percent stake in the bank, according to data available with stock exchanges.
Last year, Madhu Kapur, widow of Yes Bank's co-founder and promoter Ashok Kapur, had filed a suit in the Bombay High Court alleging that Rana Kapoor attempted to deprive her and her children Shagun Kapur Gogia of a place on the board.
Rana Kapoor and Ashok Kapur jointly founded the bank in 2004. Ashok Kapur was killed in the Mumbai terrorist attack of November 2008. Incidentally, Kapoor is married to Madhu Kapur's sister.
With PTI Inputs
