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Videocon case: ICICI Bank mulls consent plea as Sebi issues fresh notice

The fresh notice is more comprehensive and has cited the findings of former Justice Srikrishna panel, which was tasked to probe the quid-pro-quo transactions in ICICI Bank

Chanda Kochhar

Chanda Kochhar

Shrimi Choudhary New Delhi
ICICI Bank is likely to file a consent plea for settling a case with the Securities and Exchange Board of India (Sebi) on the alleged violation of listing disclosure norms involving its former chief executive officer and managing director Chanda Kochhar and Videocon group.

The private sector lender’s move has been prompted by the market regulator reissuing the earlier  show-cause notice earlier this month.

The bank has expressed its desire to settle the matter through the consent mechanism rather than contesting it. Considering the critical aspect of the case, it is also seeking and weighing certain legal options, said a

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First Published: Nov 28 2019 | 1:51 AM IST

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