Chanda Kochhar Loses Supreme Court Case Against Being Fired As ICICI CEO

Tuesday, 1 December 2020Newsdesk

Former ICICI Bank CEO Chanda Kochhar faced a setback today as the Supreme Court rejected her appeal against her sacking as the bank's chief executive and managing director. Ms Kochhar, who faces charges for alleged money laundering, had approached the top court after the Bombay High Court dismissed her petition against her sacking.

New Delhi, 01 December 2020

"We are not inclined to interfere in impugned order. This falls within the realm of private contract between bank and employer," the Supreme Court said. Ms Kochhar was sacked last year, months after she stepped down from the posts. Former Attorney General Mukul Rohatgi, who represented Kochhar, said there can be no termination without prior approval.

Source -NDTV