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SC disposes CBI’s plea against interim bail to Chanda Kochhar & her husband

By Jhanak Singh      14 February, 2024 07:46 PM      0 Comments
SC disposes CBI s plea against interim bail to Chanda Kochhar and her husband

NEW DELHI: The Supreme Court on Monday disposed off a plea by the CBI against an order passed by the Bombay High Court, last year, which granted interim bail to former ICICI Bank CEO and MD Chanda Kochhar and her businessman-husband Deepak Kochhar in the loan fraud case.

A bench of Justices Bela M Trivedi and Pankaj Mithal was apprised by Additional Solicitor General S V Raju on behalf of the CBI that the high court had last week delivered its verdict in the main case but the judgment has not been uploaded so far.

Taking the submission into account, the bench said it is disposing of the CBI’s plea but the either side will have the liberty to challenge the high court's main verdict in accordance with law.

The bench also made it clear that it has not expressed any opinion on the merits of the case.

The Kochhar couple was arrested by the CBI on December 23, 2022 in the Videocon-ICICI Bank loan case.

On February 6, 2024, the high court, declared the arrest of Chanda Kochhar and her husband by the CBI was “illegal”.

The HC had also confirmed its January 2023 interim order granting bail to the couple.

After their arrest, the Kochhar couple moved the high court challenging their arrest and sought it to be declared as illegal. They also sought to be released on bail as an interim relief.

The high court passed an interim order in January 2023, granting bail to the couple and pulled up CBI for making the arrest in a “casual and mechanical” manner without application of mind. The probe agency challenged this interim order before the apex court.



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