Axis Bank

IL&FS Financial Services legal head and general counsel (GC) Damini Marwah has quit, VCCircle first reported today, with Bar & Bench reporting today that she has joined Axis Bank as its general counsel to replace TS Asokraj who is retiring.

Contrary to miscon- ceptions Axis Bank v Rajshree Sugars and Nahar v HSBC cases decided by the Supreme Court did not overturn an earlier Madras High Court judgment, argues B Gopalakrishnan.