Justice Alok Jain observed that this petition demonstrated how the process of law is abused just for the whims and fancies of a person like the complainant.
Yes Bank shares slipped over 13 per cent in Monday s session after the private sector lender reported widening of losses during the quarter ended March 2021. The private sector lender s standalone net loss widened marginally to Rs 3,788 crore in the March quarter of FY21 as against a net loss of Rs 3,668 crore a year ago. The lender posted a net profit of Rs 148 crore in the December quarter. Following this development, the scrip hit an intra-day low of Rs 12.60 on the BSE. Later, it recouped some losses and was trading 4.26 per cent down at Rs 13.93 around 9.45 am. At the same time, the S&P BSE Sensex was down 0.69 per cent.