A court today issued summons to ICICI bank's Managing Director Chanda Kochhar and others in connection with case involving a joint account, after the manager of the branch concerned did not appear before it.
Chief Judicial Magistrate Anand Prakash Singh fixed August 16 for their appearance.
The court further issued a bailable warrant against branch manager Rubi Agrawal of ICICI bank's Gomtinagar branch because she did not turn up in the court despite service of summons.
The court passed the orders on a complaint of a local lawyer Raje Bhasin.
The lawyer said that he had a joint account in the bank along with his mother, who died on April 11 last year.
Bhasin said the bank seized the account and did not allow him to withdraw the money from the account.
The court found that prima facie offences under sections 420 (cheating) and 406 (criminal breach of trust) of the Indian Penal Code are made out in the matter.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app