 "MCA moves contempt pleas against Axis, StanChart chiefs and Ramesh Bawa")
The Ministry of Corporate Affairs (MCA) on Thursday moved contempt pleas in the Mumbai Bench of the National Company Law Tribunal (NCLT) against former managing director (MD) and CEO of IL&FS Financial Services (IFIN) Ramesh Bawa, Axis Bank MD and CEO Amitabh Chaudhry, and Standard Chartered Bank India CEO Zarin Daruwala.
The contempt pleas have been filed by the government against the two bank CEOs and Bawa, alleging they violated the NCLT order that restrained top officials of IL&FS — which included Bawa — from disposing of their personal assets.
The matter could not be heard on Thursday because of paucity of
