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Supreme Court rejects Chanda Kochhar's Appeal against her removed as managing director and CEO of ICICI Bank
New Delhi, December 02, 2020: The Supreme Court Tuesday rejected the appeal filed by Chanda Kochhar against the Bombay High Court order which had dismissed her plea against being removed as the managing director and CEO of ICICI Bank.
The Supreme Court Bench headed by Justice Sanjay Kishan Kaul said “Sorry, we are not inclined to interfere with the high court order.” This falls within the realm of private bank and employee, the apex court said.
The Supreme Court Bench was hearing Kochhar’s appeal against the March 5 order of the high court which had dismissed the plea against termination of her services as managing director and CEO of ICICI Bank while noting that the dispute arises from a contract of personal service.
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