The banks argues that banking is not a family business and financial family sucessors do not automatically become part of the bank’s ‘promoter’ group.  Madhu Kapur wanted to be able to appoint directors.  It is difficult to tell whether or not the fact that she is a woman plays into the interpretation of ‘regulations.’

Madhu is the legal heir of Ashok Kapur and according to the bank’s articles of association, inherits the rights of a co-promoter. She should be allowed to nominate directors on YES Bank’s board. Unfortunately, the bank is not willing to recognise her rights and settle the dispute. So, she will wait for the court’s verdict.