{"id":387585,"date":"2020-12-03T12:22:49","date_gmt":"2020-12-03T06:52:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=387585"},"modified":"2020-12-03T13:11:12","modified_gmt":"2020-12-03T07:41:12","slug":"icici-bank-case-sc-rejects-chanda-kochhars-plea-against-termination","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/icici-bank-case-sc-rejects-chanda-kochhars-plea-against-termination\/","title":{"rendered":"ICICI Bank case: SC rejects Chanda Kochhar\u2019s plea against termination"},"content":{"rendered":"<p>The Supreme Court on Tuesday rejected Chanda Kochhar\u2019s appeal against the Bombay High Court\u2019s March 5 order which had dismissed her plea against her termination as the managing director and CEO of ICICI Bank, saying the issue falls within the realm of a private bank and employee.<\/p>\n<p>The ruling is a major setback for Kochhar who now stands to lose her pension related benefits, including bonuses and stock options. <\/p>\n<p>The Bench led by justice SK Kaul while dismissing Kochhar\u2019s appeal upheld the Bombay HC order that held that her services were not governed by any statute, \u201cbut it is a purely contractual relationship with ICICI\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court on Tuesday rejected Chanda Kochhar\u2019s appeal against the Bombay High Court\u2019s March 5 order which had dismissed her plea against her termination as the managing director and CEO of ICICI Bank, saying the issue falls within the realm of a private bank and employee. The ruling is a major setback for Kochhar who now stands to lose her pension related benefits, including bonuses and stock options. The Bench led by justice SK Kaul while dismissing Kochhar\u2019s appeal upheld the Bombay HC order that held that her services were not governed by any statute, \u201cbut it is a [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-387585","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=387585"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387585\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=387585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=387585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=387585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}