InvestorQ : Why has Supreme Court rejected the plea of Chanda Kochhar to review the decision of the Bombay High Court?
Chandralekha Desai made post

Why has Supreme Court rejected the plea of Chanda Kochhar to review the decision of the Bombay High Court?

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NISHA Nayak answered.
5 months ago
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Even as the ED, on the one hand, is filing case against the appellate authority for declaring Chanda Kochhar innocent in the money laundering case, there is another hurdle that she and are family are currently up against.

It is about her contract termination with ICICI bank and the news may not be too rosy for Chanda Kochhar on this front. The Supreme Court has actually rejected the appeal filed by her regarding her removal from ICICI Bank after she had already resigned from the post.

Chanda Kochhar had originally approached the Bombay High Court for redressal. However, the High Court had refused to entertain the case and had rejected the plea. Now, the Supreme Court has underlined that it was not inclined to interfere with the High Court order, marking almost a dead end for Chanda Kochhar on her contract termination.

The Supreme Court, with reference to the legitimacy of the decision of termination, added that the decision was entirely within the realm of the contract between a private bank and its employee. It also observed that the termination was fully in adherence to the conditions stipulated in the contract and hence the Supreme Court had little to say on the matter.

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