• Sign In/Sign Up
  • Menu
  • +Clients Back

    • Get Free Legal Answers
    • Get Fee Estimates
    • Find Lawyers
  • +Lawyers

    • Case Diary & Office Manager
    • Post News & Artilces
    • Post Jobs & Internships
  • +Law Students

    • Campus Ambassadors
    • Find Jobs & Internships
    • Post News & Articles
    • Resource Sharing
  • +Law Schools

    • Post Admissions
    • Post Opportunities
    • Get Law School Rating

  • Home
  • News/Articles
  • Chanda Kochhar and her husband Deepak Kochhar remanded to three days of CBI custody in the ICICI-Videocon loan case by Mumbai court

Latest News

Back

Chanda Kochhar and her husband Deepak Kochhar remanded to three days of CBI custody in the ICICI-Videocon loan case by Mumbai court

Courtesy/By: Arryan Mohanty  |  01 Jan 2023     Views:1511

Chanda Kochhar,  former ICICI bank managing director (MD) and chief executive officer (CEO), and her husband Deepak Kochhar has been detained in jail at the Central Bureau of Investigation (CBI) till December 26. They were presented on Saturday for the continuation of remand proceedings before a Special Court of the CBI in Mumbai.

The CBI detained the couple on Friday in connection with the suspected ICICI Bank-Videocon money laundering case. According to the First Investigation Report they registered with them, the CBI lawyer testified in court that they detained accused numbers 4 and 5.

According to the CBI lawyer, "Accused 4 was MD and CEO of ICICI in 2009, and the fifth one is her husband." He said that six loans were approved for Videocon and its subsidiary firms after Chanda Kochhar was named the bank's MD and CEO, and Chanda was a member of the committees that approved two of the loans. The CBI lawyer said that the firm had received a loan for Rs 1,800 crore and added that a different company in which Deepak Kochhar owned stock had received a loan for Rs 300 crore.

"In this instance, we have also applied to activate IPC section 409. Both of the accused had already received a notice from us under section 41 of the CrPC, but they were arrested after refusing to cooperate "He emphasised that although they had sent the couple a notice requiring them to appear before it on December 15, they had instead promised to appear four days later and had not shown up on December 19 either.

Amit Desai, counsel for the Kochhar family, emphasised that industrialist Venugopal Dhoot of the Videocon Group was also named in the FIR when it was filed. He asserted that the Kochhars were never called to testify in the investigation even after an FIR was filed against them. Instead, they sent a notice for December 15 that was changed to yesterday only with the CBI's permission.

He questioned, "Why have they been detained now if an investigation wasn't required until January 2019?

During its initial investigation, the CBI observed that allegedly in contravention of ICICI Bank's set norms, six loans worth Rs 1,875 crore were granted to the Videocon Group and entities affiliated with it from June 2009 to October 2011. The loans were reportedly labelled as non-performing assets in 2012, causing the bank to incur a loss of Rs 1,730 crore.

 


Courtesy/By: Arryan Mohanty  |  01 Jan 2023     Views:1511

News Updates

The Legal Framework of Bail Conditions in India: B...
25 Oct 2024     Views:1746
Changing an Arbitrator Mid-Proceeding: Legal Frame...
23 Oct 2024     Views:1292
IMF Retains India's FY25 GDP Growth Forecast at 7%...
22 Oct 2024     Views:1323
The Evolving Landscape of Russian Anti-Suit Injunc...
22 Oct 2024     Views:1173
Hyundai’s IPO vs Competitors: How the Auto Giant...
15 Oct 2024     Views:1331
The Validity of Arbitration Agreements Post Decree...
14 Oct 2024     Views:1054
SEBI Issues Checklist for AIFs, Their Managers, an...
08 Oct 2024     Views:1129
The Siemens v. Russian Railroads Case...
07 Oct 2024     Views:1132
Empowering Minds in Confinement: Bombay HC’s Lan...
03 Oct 2024     Views:1269
The Dynamics of Novation in Contract Law and Its I...
02 Oct 2024     Views:1392
SEBI Establishes Consistent Evaluation Standards f...
01 Oct 2024     Views:1147
Landmark Decision by Austrian Supreme Court on Arb...
30 Sep 2024     Views:1153
Key Considerations for Indian Commercial Claims...
25 Sep 2024     Views:1111
Boom or Bust: Africa’s Oil Giants Face Declining...
23 Sep 2024     Views:1201
The Growing Role of Arbitration in Intellectual Pr...
23 Sep 2024     Views:1179
Supreme Court Greenlights Sub-Classification of SC...
20 Sep 2024     Views:1454
SEBI's Employee Grievances Prompt Formation of Wor...
19 Sep 2024     Views:1293
Environmental Law in India: Challenges and Opportu...
18 Sep 2024     Views:2017
Navigating the New Legal Landscape of Exclusive Ju...
16 Sep 2024     Views:1299
The Anatomy of Joint Venture Breakups in India (an...
31 Jul 2024     Views:1612
The Integration of ESG in India's M&A Landscape...
31 Jul 2024     Views:1521
Future of AI in Legal Systems and Conflict Resolut...
21 Jul 2024     Views:1744
World Health Assembly Revises International Health...
21 Jul 2024     Views:1603
Pokemon GO Fans Concerned Over Restrictive New Ter...
21 Jul 2024     Views:1715
Landmark Judgment on Setting Aside Arbitration Awa...
21 Jul 2024     Views:1497
Understanding the Process of Issuing Summons in In...
11 Jul 2023     Views:4710
Understanding the Unlawful Activities (Prevention)...
10 Jul 2023     Views:3410
Understanding the Mental Health Act in India: A St...
09 Jul 2023     Views:3453
Combating Manual Scavenging in India: A Call for S...
07 Jul 2023     Views:3304
Impleadment in Supreme Court of India: A Comprehen...
05 Jul 2023     Views:4137
Unraveling the Distinction: Culpable Homicide vs. ...
03 Jul 2023     Views:3568
Understanding the Difference between Money Bills a...
02 Jul 2023     Views:2143
Understanding the Civil Procedure Code in India: A...
01 Jul 2023     Views:2825
The Rights of Criminals in India: Upholding Justic...
30 Jun 2023     Views:2155
Exploring the Differences between the US and India...
29 Jun 2023     Views:2166
What to Do If the Police Refuse to Register Your F...
26 Jun 2023     Views:2411
Timeline of Environmental Protocols: A Global Effo...
25 Jun 2023     Views:2109
How to Deal with Cheque Bounce Cases in India...
24 Jun 2023     Views:2102
Pursuing a Lucrative Litigation Career in Indian L...
22 Jun 2023     Views:2124
Understanding the Emergency Provisions of India: S...
21 Jun 2023     Views:2143
Environment Legislation in India: A Comprehensive ...
20 Jun 2023     Views:2462
Understanding the Emergency Powers of the Constitu...
18 Jun 2023     Views:2015
Understanding the Emergency Powers of the Constitu...
17 Jun 2023     Views:2009
Timeline of Same-Sex Laws in India: A Journey Towa...
16 Jun 2023     Views:2417
Sir Creek Dispute and Legal Implications...
15 Jun 2023     Views:2594
Jurisprudence of NDPS Laws in India: A Comprehensi...
14 Jun 2023     Views:2210
Impleadment Proceedings: A Comprehensive Guide to ...
13 Jun 2023     Views:2655
Understanding Continuing Mandamus: A Powerful Judi...
12 Jun 2023     Views:4379
Res Judicata: The Doctrine of Finality in Legal Pr...
10 Jun 2023     Views:2666
Mastering the Art of Legal Drafting: A Comprehensi...
08 Jun 2023     Views:2346
Order 1 Rule 10 of the Code of Civil Procedure (CP...
07 Jun 2023     Views:7815
Understanding the Laws of War: Protecting Humanity...
03 Jun 2023     Views:2107
Understanding the Code of Criminal Procedure (CRPC...
02 Jun 2023     Views:2836
The National Drug and Psychotropic Substances (NDP...
01 Jun 2023     Views:2464
A Step-by-Step Guide: How to File an FIR in India...
31 May 2023     Views:2167
Zero FIR: An Effective Tool for Prompt Criminal Ju...
30 May 2023     Views:2426
Unveiling the Dissent of Judges in Judicial Judgme...
28 May 2023     Views:2086
Environmental Laws in India: Safeguarding Nature f...
25 May 2023     Views:2518
The Recusal of Supreme Court of India Judges from ...
24 May 2023     Views:2198
Understanding the Jurisdiction of the Supreme Cour...
23 May 2023     Views:2685
Article 142 of the Constitution of India: A Compre...
22 May 2023     Views:2822
Landmark Judgments in Arbitration Law in India: A...
21 May 2023     Views:3070
Landmark Cases on Anticipatory Bail in India: A Pa...
20 May 2023     Views:6906
Embracing the Future: How AI is Revolutionizing th...
18 May 2023     Views:2349
Understanding Narcotics Laws in India: A Comprehen...
17 May 2023     Views:2142
Understanding Indian Laws on Cross-Border Transact...
16 May 2023     Views:3197
ADR mechanism of legal adjudication in India...
15 May 2023     Views:2042
Validity of foreign arbitral award in India throug...
14 May 2023     Views:2074
Scope of Section 151 CPC...
13 May 2023     Views:3615
Detailed Overview on Section 482 of Crpc...
11 May 2023     Views:2606
Scope of Decree under CPC...
10 May 2023     Views:2213
Legal development of Arbitration Laws in India....
09 May 2023     Views:2225
Arbitration Laws in India...
07 May 2023     Views:2170
Impact of COVID-19 on Legal Industry...
06 May 2023     Views:4286
Chargesheet not having authority's valid sanction ...
02 May 2023     Views:2444
Same-Sex Marriage in India...
30 Apr 2023     Views:2105
National Commission for Women...
27 Apr 2023     Views:1954
Law making process of India....
26 Apr 2023     Views:3015
Bail Provisions in India...
25 Apr 2023     Views:1995
Life imprisonment in Criminal Law in India...
24 Apr 2023     Views:2372
Contempt of Court...
23 Apr 2023     Views:2239
The collegium system of Judiciary in India....
22 Apr 2023     Views:1950
Remarriage before Expiry of Limitation Period to f...
21 Apr 2023     Views:1978
Need for strict measure of NDPS laws in India....
20 Apr 2023     Views:2097
Nature of Offence under Section 138 of NI Act is Q...
19 Apr 2023     Views:4479
Order VII Rule 11 CPC: Plaint cannot be rejected m...
18 Apr 2023     Views:3122
Mediation: At the Dawn of Golden Age organized at ...
16 Apr 2023     Views:2282
Central Government's motto should be mediate, not ...
15 Apr 2023     Views:1987
Ambedkar Jayanti Celebrations...
14 Apr 2023     Views:2193
Supreme Court of India calls for Preventive Measur...
12 Apr 2023     Views:1804
Pursuing LL.M is not break in Law Practice, Rules ...
11 Apr 2023     Views:1985
Law should take into consideration realities of co...
10 Apr 2023     Views:1864
Delhi High Court said that peeping into public bat...
08 Apr 2023     Views:2403
Delhi High Court denies bails to AAP's Satyendra J...
06 Apr 2023     Views:2574
Supreme Court’s Triple Talaq Judgement Would App...
30 Jan 2023     Views:2299
Article 311(1) | An Order of Removal From Service ...
26 Jan 2023     Views:2805
Leaders shouldn't disrespect the President or Pri...
17 Jan 2023     Views:2114
New bench will hear Ashwini Upadhyay's Supreme Cou...
15 Jan 2023     Views:2251
Person Who Drove Rashly with the Knowledge that it...
12 Jan 2023     Views:2824
The rigours of Section 37 of the NDPS Act cannot b...
11 Jan 2023     Views:2586
FIND A LAWYER




FIND A LAW SCHOOL



Most Read News Articles

  • Sabrimala Verdict (28 sept 2018) - A End of Taboo.
    On 07 Oct 2020    Views:92582
  • Case Analysis: Vellore Citizens Welfare Forum vs Union of India
    On 11 Dec 2020    Views:69812
  • Case Analysis: THE BERUBARI UNION CASE
    On 14 Dec 2020    Views:67440
  • DOCTRINE OF ELECTION UNDER TRANSFER OF PROPERTY ACT, 1882
    On 08 Jul 2020    Views:66652
  • A.K. Gopalan v. State of Madras (1950 AIR 27, 1950 SCR 88)
    On 08 Nov 2020    Views:55870
View all >>

Propertified Propertified Propertified Propertified Propertified Propertified Propertified Propertified Propertified

86540

Lawyers Network

103860

Users

630

Cities Serving

114

Law Schools Network

59824

Law Students Network

About us

  • Company Profile

Indian Major Laws

  • Indian Constitution
  • IPC
  • CrPC
  • CPC
  • Companies Act
  • Indian Evidence Act
  • CGST Act
  • Limitation Act

Policies

  • Terms of Use
  • Privacy Policy
  • Refund & Cancellation

    Ads & Media

  • Resource Sharing
  • Advertiser(Sign Up/Login)
  • Media

    Careers

  • Internships
  • Jobs
  • Student Journalists

    HELP & SUPPORT

  • Contact Us
  • Grievances
  • Test

News

  • Legal News
  • Post Article
  • Post Interview

Legal Library

  • Central Acts
  • Deeds Drafts [1128 ]
  • Legal Maxims

Connect

Lawsisto Direct

 

  •  
  •  
DISCLAIMER
Copyright © Lawsisto Private Limited. All rights reserved.
Unless otherwise indicated, all materials on these pages are copyrighted by Lawsisto Private Limited. All rights reserved. No part of these pages, either text or image may
be used for any purpose. By continuing past this page, you agree to our Terms of Service, Cookie Policy, Privacy Policy and Content Policies.