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.
