<span style="color: #222222;">The Bombay High Court today dismissed a petition filed by Chanda Kochhar against her termination as the Managing Director and Chief Executive Officer of the ICICI Bank. A division bench of Justices N M Jamdar and M S Karnik&nbsp;accepted the bank's contention that Kochhar's petition was not&nbsp;maintainable as the dispute was contractual and concerns a&nbsp;private body.<br />''<br />''Kochhar was terminated from the ICICI Bank months&nbsp;after she voluntarily left the second largest private sector&nbsp;lender. The high profile former banker moved the high court on&nbsp;November 30, 2019, challenging the termination of her employment&nbsp;by the ICICI Bank. <br />''<br />''She contended that the bank also denied her&nbsp;remuneration and clawed back all the bonuses and stock options&nbsp;between April 2009 and March 2018 for her alleged role in&nbsp;granting out of turn loans worth Rs 3,250 crore to the&nbsp;Videocon Group which benefitted her husband Deepak Kochhar.</span><br />
News On AIR | March 5, 2020 1:38 PM
Bombay HC dismisses Chanda Kochhar's plea against termination of employment