ICICI Bank moves Bombay HC, seeks recovery of bonuses from Chanda Kochhar

The bank further stated that Kochhar flagrantly violated the ICICI Group Code of Business Conduct and Ethics.

The ICICI bank has approached the Bombay High Court seeking effect to "termination of appointment" of Chanda Kochhar as its Managing Director and CEO, and also sought recovery of various amounts from her.
 

In a monetary suit filed on January 10, the bank sought dismissal of Kochhar's petition and stated that the issue can be decided in a commercial suit.
 

"ICICI has filed a suit seeking recovery of amounts towards the claw back of bonuses given to the petitioner (Kochhar) from April 2006 to March 2018 pursuant to the termination of the petitioner's services," the bank said in its affidavit.