A Mumbai court on Monday did not pass any order on the interim protection sought by businessman Sudhir Valia in an alleged Rs 1,000 crore financial fraud case in which Yes Bank co-founder Rana Kapoor is an accused.

According to the PTI, additional sessions judge Y P Manathkar, presiding over the matter, noted that the "allegations made in FIR are serious" and that it is "necessary to consider arguments of both sides in detail before passing any order."