The Madras High Court's verdict on the voting rights of foreign institutional investors (FIIs) in Tamilnad Mercantile Bank (TMB) will be further delayed.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The delay is due to the pending verdict on the contempt of court case filed by Tuticorin Shareholders Welfare Association against the bank's managing director G Narayana Moorthy. </P>
</p><p class='TableClas'>This contempt of court case will have third hearing on July 7. The hearing on the original case regarding on the FIIs voting rights will take place once the contempt of the court case settled. <BR></P></p><p class='TableClas'></p></table>


Voting rights of FIIs in TMB to be dealyed further

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