Chanda Kochhar gets arrest shield
The Supreme Court on Friday recorded an undertaking from the Enforcement Directorate (ED) that no coercive action would be taken without the prior consent of the court against former ICICI Bank CEO and MD Chanda Kochhar in connection with the ICICI Bank-Videocon money laundering case probe.
A bench of Justices Sanjay Kishan Kaul, Dinesh Maheshwari and Hrishikesh Roy recorded an undertaking to this effect from solicitor-general Tushar Mehta who appeared for the ED and assured the court that “…no coercive step would be taken against the petitioner”.
The ED, therefore, is not going to effect Chanda Kochhar’s arrest at least without the top court’s prior permission. The bench after recording an undertaking posted the matter for further hearing to November 27.
Chanda Kochhar has filed three separate petitions in the Supreme Court. The first petition relates to preventing any coercive action against her by ED. The second petition is an interim bail for her husband Deepak Kochhar and the third, her own termination from the post of ICICI chief executive officer.
All these matters are expected to come up for hearing next week.
The Supreme Court bench also recorded in its order that the trial court in Mumbai would be uninfluenced by the proceedings with regard to the interim bail proceedings in the Supreme Court relating to Deepak Kochhar. The trial court will be taking up on Monday the bail proceedings of Deepak Kochhar.