Briefly Business: Yes Bank: HC to decide jurisdiction issue first

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SummaryThe Bombay High Court on Wednesday said it would first decide whether it has the jurisdiction to hear the suit filed by Madhu Kapur, the widow of Yes Bank co-founder Ashok Kapur, challenging appointment of directors nominated by the current managing director Rana Kapoor.

Mumbai: The Bombay High Court on Wednesday said it would first decide whether it has the jurisdiction to hear the suit filed by Madhu Kapur, the widow of Yes Bank co-founder Ashok Kapur, challenging appointment of directors nominated by the current managing director Rana Kapoor. The lawyer of Rana Kapoor, co-founder of the bank (who is married to Madhu’s sister), has said that High Court has no jurisdiction to hear matters about appointment of directors. PTI

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