ICICI Bank seeks recovery of amounts from Chanda Kochhar


New Delhi: The ICICI bank has approached the Bombay HC seeking effect to ‘termination of appointment’ of Chanda Kochhar as its managing director and CEO.

“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.

The affidavit was submitted in response to a petition filed by Kochhar challenging her sacking, months after she voluntarily left the second-largest private sector lender.

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