The Bombay high court on Monday directed Yes Bank Ltd to consider Shagun Kapur Gogia, daughter of late co-founder Ashok Kapur, for the position of a director on its board, Mint reported. The order is a setback for Yes Bank managing director and chief executive Rana Kapoor, who has been resisting giving her a board seat.
The board, earlier scheduled to meet on 24 July, will now meet on 27 June as directed by the court. The high court also said the appointment of new directors on the bank’s board will be subject to its final order. The case will come up for hearing on 1 July.
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