 "Axis Bank, Standard Chartered, Amitabh Chaudhry, Zarin Daruwala")
The National Company Law Tribunal (NCLT) on Monday issued notices to the chief executive officers (CEOs) of Axis Bank and Standard Chartered Bank, asking them to personally appear in the contempt proceedings against them for violating the tribunal’s order, failing which non-bailable warrants would be issued against them.
Bankers, NCLT said, failed to appear in the case relating to the IL&FS fraud despite repeated notices from the ministry of corporate affairs (MCA). The matter is scheduled to be heard by the tribunal next on December 16.
The official spokesperson of Axis Bank said, “The matter pertains to operations of these accounts in
