Termination Of Services Without RBI's Approval In Breach Of Banking Regulation Act; Chanda Kochhar Moves Bombay HC

The Bombay High Court on Monday heard Former ICICI bank CEO and MD Chanda Kochhar's writ petition challenging ICICI's decision to terminate her from service and deny her agreed remuneration in light of Justice BN Shrikrishna's report which highlighted that Kochhar had violated the bank's code of conduct.Division bench of Justice Ranjit More and Justice MS Karnik allowed Chanda Kochhar's...