Supreme Court dismisses Chanda Kochhar plea against her termination by ICICI Bank
The Supreme Court dismissed the plea of former ICICI Bank Chief Executive Officer and Managing Director Chanda Kochhar challenging her termination. Justice Sanjay Kishan Kaul said this falls within the realm of private contract between the bank and employee and dismissed it. Senior advocate Mukul Rohatgi, who appeared for Chanda Kochhar said the Delhi High Court dismissed my petition and its completely wrong. He said, “My client is the MD of ICICI Bank. It was not open to the bank to take total action against me of my earlier retirement and virtually recalling my retirement and others .” Challenging the HC decision, Rohatgi said, “The question of maintainability has to be examined. I wanted to show you two different clauses and one doesn’t apply to me and there is no prior approval against me. “ To this, Justice Kaul said, “We wanted to know Mr Rohatgi the role of the RBI in the case.” Rophatgi replied, “Mandate of the statute, and the RBI has to go with this. Without the prior app