SC rejects Chanda Kochhar’s appeal against being removed as CEO of ICICI Bank

The SC bench was hearing Kochhar's appeal against the Bombay HC order which had dismissed her plea and said the matter falls within the realm of private bank and employee.

Chanda Kochhar, former MD and chief executive officer of ICICI Bank, with husband Deepak Kochar at ED office in New Delhi in May, 2019. | ANI

New Delhi: 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.

Sorry, we are not inclined to interfere with the high court order, a bench headed by Justice Sanjay Kishan Kaul said.

This falls within the realm of private bank and employee, the apex court said.

The 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.