Supreme Court dismisses Chanda Kochhar’s plea for retirement benefits
The Supreme Court on Friday dismissed the plea by former ICICI Chief Executive Officer and Managing Director Chanda Kochhar against the bank for the release of her post-retirement benefits.
The bench of Justices Sanjiv Khanna and SVN Bhatti said they would not interfere with the Bombay High Court’s May 3 order that refused to stay Kochhar’s termination on January 30, 2019, four months after the bank approved her resignation on October 4, 2018.
After ICICI received a complaint against Kochhar in 2018, it formed a committee headed by retired Supreme Court Judge Justice BN Srikrishna to probe the allegations.
