‘Will move application in HC’: CBI to SC on repeated extension of interim bail to former ICICI Bank CEO Chanda Kochhar

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Also Read: Chanda Kochhar, husband bought ₹5.3 crore flat for merely ₹11 lakh: CBI tells court The CBI's action came in response to the Supreme Court's question as to why the agency was not objecting to the continuation of interim bail granted by the high court to Kochhar in January this year in the ICICI Bank-Videocon loan fraud case. Moreover, the apex court declined to entertain the plea of the former ICICI Bank Managing Director and CEO, Chanda Kochhar, seeking retirement benefits from the bank. Also Read: ICICI Bank loan fraud: CBI files charge sheet against Chanda Kochhar, husband Deepak Kochhar and Venugopal Dhoot The bench comprising of Justice Bela M Trivedi and Satish Chandra Sharma was hearing the special leave petition of CBI against an order passed by the Bombay HC.

The order, released in January, had directed the release of Kochhar and her husband. Also Read: ICICI Bank's biz loan to Videocon turned into NPAs of over ₹1,000 crore: CBI The Supreme Court will continue hearing the arguments on Monday. In another hearing on the same day, the apex court rejected Chanda Kochhar's plea for retirement benefit from the ICICI Bank.

"Not a case for interference. We are not inclined to interfere with the high court order. The special leave petition is dismissed," stated a bench comprising Justices Sanjiv Khanna and SVN Bhatti on Friday.