NCLT issues contempt notices to Axis, StanC CEOs & IL&Fs' Bawa
  • WebDesk BTVI
  • Apr 26 2019

The Mumbai bench of the National Company Law Tribunal (NCLT) issued contempt notices to Axis Bank chief executive Amitabh Chaudhry, Standard Chartered Bank India chief executive Zarin Daruwala for allowing the former head of ILFS Financial Services Ramesh Chandra Bawa to withdraw money and access the lockers in breach of its orders, and directed them to reply in two weeks. The tribunal posted the matter for further hearing on June 7.