If the Bombay High Court favours the RBI in its judgement in this dispute, it would appear that the latter is empowered to invoke Section 46(1) on Uday Kotak, the CEO and Dipak Gupta, the joint managing director of the bank, as it has specifically used the word, “wilful” to describe the bank’s conduct.
Hemindra Hazari’s view of Aditya Puri was highly nuanced: he acknowledged Puri as an exceptionally successful banker, but was consistently sceptical of the “Puri...