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Chanda Kochhar seeks time from HC to make RBI party in ICICI Bank case

The court gave her time till December 9 to amend the plea and serve notice on the RBI

Chanda Kochhar, icici
Illustration by Ajay Mohanty

Chanda Kochhar, the former managing director (MD) and chief executive officer (CEO) of ICICI Bank, has sought time from the Bombay High Court to make the Reserve Bank of India (RBI) a party in a case against the private lender. The court gave her time till December 9 to amend the plea and serve notice on the RBI. The matter will be next heard on December 9. Kochhar has challenged the private lender’s decision to terminate her services and claw back bonuses and stock options she received between April 2009 and March 2018. In its reply to the petition, ICICI Bank said the ...