The Bombay High Court on Thursday dismissed a petition filed by Chanda Kochhar against her termination as managing director and CEO of the ICICI Bank, noting the dispute arises from a contract of personal service.
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 termination of the petitioner is in the realm of the contractual relationship,” the court said in its order.
Courts cannot exercise their writ jurisdiction when employment in a private entity is regulated by contracts, it further said.
