 "Chanda Kochhar")
Granting interim relief to former ICICI Bank managing director & chief executive officer Chanda Kochhar, the Securities and Appellate Tribunal (SAT) on Thursday said Sebi “acted in haste in fixing a date for hearing without supplying the requisite documents to the appellant (Kochhar)”.
SAT directed Kochhar to file before Sebi a fresh application, indicating with clarity and precision the documents sought for inspection, within two weeks. After getting such a request, according to the tribunal, Sebi should either provide inspection or pass an appropriate order giving reasons why the appellant could not be provided inspection or a copy of the documents.
The case pertains to the allegations of ‘conflict of interest’ in approval of loans given by ICICI Bank to
