Chanda Kochhar sacking: SC declines to interfere with Bombay HC order
The Supreme Court Tuesday declined to interfere with a Bombay High Court order upholding the January 2019 decision of the ICICI Bank to terminate the services of Chanda Kochhar as its Managing Director and CEO.
The bench of Justices Sanjay Kishan Kaul, Dinesh Maheshwari and Hrishikesh Roy told Senior Advocate Mukul Rohatgi, representing Kochhar who had come in appeal, “We are not inclined to interfere with the High Court order. This falls within the realm of private bank and employee.”
Kochhar had moved the High Court, contending that the termination was communicated months after ICICI Bank approved her voluntary resignation in October 2018. Termination from service, she said, was therefore “illegal, untenable and unsustainable in law”.
