• 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
  • Supreme Court refuses to interfere with the Bombay HC order over the termination of Chanda Kochher

Latest News

Back

Supreme Court refuses to interfere with the Bombay HC order over the termination of Chanda Kochher

Courtesy/By: Sanyam Agarwal  |  02 Dec 2020     Views:348

The Supreme Court on Tuesday dismissed a petition filed by former ICICI Bank Chief Executive Officer and Managing Director Chanda Kochhar challenging her termination from the bank.

The matter started in her term as the member of the credit approval committee in the bank between 2009-2018 and all the approvals of loans made during her entire tenure came to question. The matter began when the reports came in 2018 about the ‘conflict of interest’ arising out of the approval of the loan from the ICICI bank to Videocon Group with the help of the corrupt practices. In this matter Enforcement Directorate (ED) filed the case and investigated the matter following which the Deepak Kochhar and Venugopal Dhoot of Videocon Group and Chanda Kochhar of ICICI group became the main suspects. It was contended that Mr Kochhar formed companies with the help of Mr Dhoot who got investments from Videocon from the loan amount the company received and that load was sanctioned by Ms Kochhar. Following the investigations, a committee of Justice (retd) BN Shrikrishna was appointed to investigate the allegation, it invested in Kochhar’s husband Deepak Kochhar’s company, Nupower Renewables. The committee formally charged Ms Kochhar with the allegations following which the Board of Members of ICICI bank ordered her termination and all her entitlements and retirement benefits were taken back even after her resignation was accepted a few months back.

Ms Kochhar for the same reached out to the High Court of Bombay to get a claim of the remunerations to which she was entitled but was refused on the ground that it was a private company and such matters fall under the private jurisdiction and are not governed by any law in force. Following this, she reached out to the Supreme Court where it dismissed the petition by saying that it was a contractual relation bonded by some conditions and decline to entertain the plea further.

 


Document:


Courtesy/By: Sanyam Agarwal  |  02 Dec 2020     Views:348

News Updates

The Legal Framework of Bail Conditions in India: B...
25 Oct 2024     Views:6251
Changing an Arbitrator Mid-Proceeding: Legal Frame...
23 Oct 2024     Views:5654
IMF Retains India's FY25 GDP Growth Forecast at 7%...
22 Oct 2024     Views:5635
The Evolving Landscape of Russian Anti-Suit Injunc...
22 Oct 2024     Views:5436
Hyundai’s IPO vs Competitors: How the Auto Giant...
15 Oct 2024     Views:5455
The Validity of Arbitration Agreements Post Decree...
14 Oct 2024     Views:5107
SEBI Issues Checklist for AIFs, Their Managers, an...
08 Oct 2024     Views:5471
The Siemens v. Russian Railroads Case...
07 Oct 2024     Views:5460
Empowering Minds in Confinement: Bombay HC’s Lan...
03 Oct 2024     Views:5587
The Dynamics of Novation in Contract Law and Its I...
02 Oct 2024     Views:5767
SEBI Establishes Consistent Evaluation Standards f...
01 Oct 2024     Views:5477
Landmark Decision by Austrian Supreme Court on Arb...
30 Sep 2024     Views:5439
Key Considerations for Indian Commercial Claims...
25 Sep 2024     Views:5391
Boom or Bust: Africa’s Oil Giants Face Declining...
23 Sep 2024     Views:5517
The Growing Role of Arbitration in Intellectual Pr...
23 Sep 2024     Views:5470
Supreme Court Greenlights Sub-Classification of SC...
20 Sep 2024     Views:5799
SEBI's Employee Grievances Prompt Formation of Wor...
19 Sep 2024     Views:5623
Environmental Law in India: Challenges and Opportu...
18 Sep 2024     Views:6475
Navigating the New Legal Landscape of Exclusive Ju...
16 Sep 2024     Views:5587
The Anatomy of Joint Venture Breakups in India (an...
31 Jul 2024     Views:5932
The Integration of ESG in India's M&A Landscape...
31 Jul 2024     Views:5833
Future of AI in Legal Systems and Conflict Resolut...
21 Jul 2024     Views:6019
World Health Assembly Revises International Health...
21 Jul 2024     Views:5870
Pokemon GO Fans Concerned Over Restrictive New Ter...
21 Jul 2024     Views:5980
Landmark Judgment on Setting Aside Arbitration Awa...
21 Jul 2024     Views:5770
Understanding the Process of Issuing Summons in In...
11 Jul 2023     Views:9186
Understanding the Unlawful Activities (Prevention)...
10 Jul 2023     Views:7707
Understanding the Mental Health Act in India: A St...
09 Jul 2023     Views:7746
Combating Manual Scavenging in India: A Call for S...
07 Jul 2023     Views:7532
Impleadment in Supreme Court of India: A Comprehen...
05 Jul 2023     Views:8520
Unraveling the Distinction: Culpable Homicide vs. ...
03 Jul 2023     Views:7842
Understanding the Difference between Money Bills a...
02 Jul 2023     Views:6375
Understanding the Civil Procedure Code in India: A...
01 Jul 2023     Views:7166
The Rights of Criminals in India: Upholding Justic...
30 Jun 2023     Views:6420
Exploring the Differences between the US and India...
29 Jun 2023     Views:6429
What to Do If the Police Refuse to Register Your F...
26 Jun 2023     Views:6685
Timeline of Environmental Protocols: A Global Effo...
25 Jun 2023     Views:6372
How to Deal with Cheque Bounce Cases in India...
24 Jun 2023     Views:6355
Pursuing a Lucrative Litigation Career in Indian L...
22 Jun 2023     Views:6402
Understanding the Emergency Provisions of India: S...
21 Jun 2023     Views:6375
Environment Legislation in India: A Comprehensive ...
20 Jun 2023     Views:6727
Understanding the Emergency Powers of the Constitu...
18 Jun 2023     Views:6216
Understanding the Emergency Powers of the Constitu...
17 Jun 2023     Views:6253
Timeline of Same-Sex Laws in India: A Journey Towa...
16 Jun 2023     Views:6701
Sir Creek Dispute and Legal Implications...
15 Jun 2023     Views:6903
Jurisprudence of NDPS Laws in India: A Comprehensi...
14 Jun 2023     Views:6480
Impleadment Proceedings: A Comprehensive Guide to ...
13 Jun 2023     Views:6912
Understanding Continuing Mandamus: A Powerful Judi...
12 Jun 2023     Views:8917
Res Judicata: The Doctrine of Finality in Legal Pr...
10 Jun 2023     Views:6904
Mastering the Art of Legal Drafting: A Comprehensi...
08 Jun 2023     Views:6568
Order 1 Rule 10 of the Code of Civil Procedure (CP...
07 Jun 2023     Views:12246
Understanding the Laws of War: Protecting Humanity...
03 Jun 2023     Views:6282
Understanding the Code of Criminal Procedure (CRPC...
02 Jun 2023     Views:7147
The National Drug and Psychotropic Substances (NDP...
01 Jun 2023     Views:6717
A Step-by-Step Guide: How to File an FIR in India...
31 May 2023     Views:6430
Zero FIR: An Effective Tool for Prompt Criminal Ju...
30 May 2023     Views:6657
Unveiling the Dissent of Judges in Judicial Judgme...
28 May 2023     Views:6290
Environmental Laws in India: Safeguarding Nature f...
25 May 2023     Views:6744
The Recusal of Supreme Court of India Judges from ...
24 May 2023     Views:6408
Understanding the Jurisdiction of the Supreme Cour...
23 May 2023     Views:6852
Article 142 of the Constitution of India: A Compre...
22 May 2023     Views:7082
Landmark Judgments in Arbitration Law in India: A...
21 May 2023     Views:7312
Landmark Cases on Anticipatory Bail in India: A Pa...
20 May 2023     Views:11195
Embracing the Future: How AI is Revolutionizing th...
18 May 2023     Views:6502
Understanding Narcotics Laws in India: A Comprehen...
17 May 2023     Views:6378
Understanding Indian Laws on Cross-Border Transact...
16 May 2023     Views:7517
ADR mechanism of legal adjudication in India...
15 May 2023     Views:6222
Validity of foreign arbitral award in India throug...
14 May 2023     Views:6231
Scope of Section 151 CPC...
13 May 2023     Views:7822
Detailed Overview on Section 482 of Crpc...
11 May 2023     Views:6761
Scope of Decree under CPC...
10 May 2023     Views:6303
Legal development of Arbitration Laws in India....
09 May 2023     Views:6351
Arbitration Laws in India...
07 May 2023     Views:6299
Impact of COVID-19 on Legal Industry...
06 May 2023     Views:8401
Chargesheet not having authority's valid sanction ...
02 May 2023     Views:6585
Same-Sex Marriage in India...
30 Apr 2023     Views:6220
National Commission for Women...
27 Apr 2023     Views:6073
Law making process of India....
26 Apr 2023     Views:7162
Bail Provisions in India...
25 Apr 2023     Views:6096
Life imprisonment in Criminal Law in India...
24 Apr 2023     Views:6524
Contempt of Court...
23 Apr 2023     Views:6353
The collegium system of Judiciary in India....
22 Apr 2023     Views:6034
Remarriage before Expiry of Limitation Period to f...
21 Apr 2023     Views:6025
Need for strict measure of NDPS laws in India....
20 Apr 2023     Views:6193
Nature of Offence under Section 138 of NI Act is Q...
19 Apr 2023     Views:8638
Order VII Rule 11 CPC: Plaint cannot be rejected m...
18 Apr 2023     Views:7239
Mediation: At the Dawn of Golden Age organized at ...
16 Apr 2023     Views:6306
Central Government's motto should be mediate, not ...
15 Apr 2023     Views:6022
Ambedkar Jayanti Celebrations...
14 Apr 2023     Views:6240
Supreme Court of India calls for Preventive Measur...
12 Apr 2023     Views:5792
Pursuing LL.M is not break in Law Practice, Rules ...
11 Apr 2023     Views:6020
Law should take into consideration realities of co...
10 Apr 2023     Views:5847
Delhi High Court said that peeping into public bat...
08 Apr 2023     Views:6457
Delhi High Court denies bails to AAP's Satyendra J...
06 Apr 2023     Views:6575
Supreme Court’s Triple Talaq Judgement Would App...
30 Jan 2023     Views:6297
Article 311(1) | An Order of Removal From Service ...
26 Jan 2023     Views:6772
Leaders shouldn't disrespect the President or Pri...
17 Jan 2023     Views:6078
New bench will hear Ashwini Upadhyay's Supreme Cou...
15 Jan 2023     Views:6220
Person Who Drove Rashly with the Knowledge that it...
12 Jan 2023     Views:6812
The rigours of Section 37 of the NDPS Act cannot b...
11 Jan 2023     Views:6549
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:96534
  • Case Analysis: Vellore Citizens Welfare Forum vs Union of India
    On 11 Dec 2020    Views:74125
  • Case Analysis: THE BERUBARI UNION CASE
    On 14 Dec 2020    Views:71535
  • DOCTRINE OF ELECTION UNDER TRANSFER OF PROPERTY ACT, 1882
    On 08 Jul 2020    Views:70677
  • A.K. Gopalan v. State of Madras (1950 AIR 27, 1950 SCR 88)
    On 08 Nov 2020    Views:60048
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.