New Delhi: Former MD and CEO of ICICI Bank Chanda Kochhar's problems may increase further. The Bombay High Court on Thursday dismissed another of his pleas. The problem can only be gauged from the fact that the judges did not even consider Chanda Kochhar's plea worth listening to. Former MD and CEO Chanda Kochhar filed a petition in the Bombay High Court on 30 November 2019, challenging the decision to be fired from her job.
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Kochhar's lawyer Vikram Nanakani had argued that the bank accepted Kochhar's voluntary resignation on October 5, 2018. Therefore, it is illegal to be fired later. Counsel for ICICI Bank said that the dispute related to Kochhar is based on contract and it is the subject of a private institution. Bank's lawyer Darius Khambata had earlier argued in the court that such cases cannot be judicially reviewed under Article 226 of the Constitution.
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This section empowers the High Courts to give directions, order or issue writ in such cases. After this hearing, the court dismissed the petition filed against Chanda Kochhar's removal from his post. A division bench of Justices NM Jamdar and MS Karnik accepted ICICI Bank's plea that Kochhar's plea was not hearable.
