Bombay HC rejects Kochhar’s plea against her termination from ICICI Bank
The Bombay High Court on Thursday dismissed a petition filed by Chanda Kochhar against her termination as the managing director and chief executive officer of the ICICI Bank.
A division bench of Justices N M Jamdar and M S Karnik accepted the bank’s contention that Kochhar’s petition was not maintainable as the dispute was contractual and concerns a private body.
The bank’s counsel Darius Khambata had earlier argued that a judicial review cannot be incurred under Article 226 of the Constitution, which empowers high courts to issue directions, orders or writs in such a matter.
The bank sought dismissal of Kochhar’s petition.
Kochhar was terminated from the ICICI Bank months after she voluntarily left the second largest private sector lender.
