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Bombay High Court says Chanda Kochhar's termination from ICICI Bank was valid

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Content Team
Image Credit: money control

The Bombay High Court on Thursday said the termination of Chanda Kochhar from the post of CEO of ICICI Bank was prima facie "valid" and dismissed her interim application seeking post-retirement benefits. A single bench of Justice R I Chagla also directed Kochhar to not deal with the bank's 6.90 lakh shares she had acquired in 2018.