Bombay High Court Allows Former CEO's Suit for Specific Performance of Early Retirement Agreement Against ICICI Bank. Court holds that once ICICI Bank accepted Mrs. Kochhar's early retirement, it could not unilaterally treat her services as terminated for cause, and that the clawback of bonuses and ESOPs was impermissible.
10 Nov 2022The dispute arises from the employment relationship between Mrs. Chanda Kochhar, former Managing Director and CEO of ICICI Bank Ltd., and the bank. Mr...
