India, Nov. 6 -- Adding another layer to the ongoing shareholder dispute at BharatPe-backed Unity Small Finance Bank (SFB), the Delhi High Court (HC) has rejected an appeal filed by the bank against an interim order.

The interim order restrains Unity SFB from placing a proposed capital restructuring resolution before its board without prior written consent from BharatPe parent Resilient Innovations (RIPL) and Centrum Financial Services.

The order, passed by a bench Justices C Hari Shankar and Vinod Kumar on November 5, restrains Unity SFB from tabling, discussing or approving 'Agenda Item 18' at its board meeting without prior written consent from RIPL and Centrum Financial Services. The HC granted BharatPe the interim relief pertaining...