Supreme Court issues notice to Chanda Kochhar on CBI’s appeal in loan fraud case

DY365
DY365
Published: September 6,2024 02:09 PM
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Supreme Court issues notice to Chanda Kochhar on CBI’s appeal in loan fraud case

September 6, 2024: The Supreme Court on Friday sought replies from ICICI Bank’s former managing director Chanda Kochhar and her husband Deepak Kochhar on a petition filed by the Central Bureau of Investigation (CBI) against the invalidation of their arrest by the agency in connection with the alleged ₹3,250-crore Videocon loan fraud case.



A bench of justices Sanjiv Khanna and PV Sanjay Kumar issued notices to the couple, admitting the CBI’s appeal against the February 6 judgment of the Bombay high court.



Additional solicitor General SV Raju, appearing for the CBI, assailed the high court judgment, briefly arguing that the arrest of the two complied with all legal and procedural requirements.



Issuing notice in the matter, the court said that the CBI’s petition against the couple will be taken up with another plea filed by the agency against the bail granted to Videocon Group promoter Venugopal Dhoot in the same case earlier this year.